Growing choke point risks
When the cargo ship "Evergiven" grounded in the Suez Canal , almost all maritime trade between Asia and Europe came to a halt. Although the obstruction was cleared within a week, damage was done and global supply chains faced severe disruptions.
The growing dependency on choke points poses increasing risks to global trade. Congestion, geopolitical tensions or environmental factors threaten bottlenecks such as the Suez Canal and can quickly bring important trade routes to a standstill.
However, countermeasures such as Egypt's plans to expand the Suez Canal are mere delayed reactions that are only set off when it is already too late.
The dangers of dependence on bottlenecks require preventive countermeasures. A new risk management system for choke points is therefore necessary to reliably secure global supply chains. Trade data from ABRAMS world trade wiki is an effective measure for a new form of supply chain management.
New port data from ABRAMS world trade wiki
In addition to customs data, maritime port data is now implemented into the micro data of ABRAMS world trade wiki. This expansion reveals originally unknown supply flows and offers - in combination with customs data - completely new insights. Together with macro data from UN Comtrade and WTO, ABRAMS.wiki provides the largest bulk of data of any trade data provider - enabling effective and, most importantly, preventive risk management for global supply chains.
The knowledge of ABRAMS' trade data improves supply chain agility and reduces choke point risks, as multi-tier supply chain transparency enables analyses that identify disruptions before they occur. This allows companies to take preventive measures rather than responsive actions.
By providing maximum transparency, ABRAMS world trade wiki makes a valuable contribution, showing decision-makers the basis for significantly improved profitability, while optimizing sustainability.