FTA / APSA on Sky News – Baltimore Bridge Collapse
Implications for International Trade
Freight & Trade Alliance (FTA) and the Australian Peak Shippers Association (APSA) continues to lead our sector’s coverage in mainstream media explaining supply chain disruptions and its contribution to inflationary pressures.
Further to yesterday’s member notice outlining the operational impacts emerging from the catastrophic incident in the Port of Baltimore, Tom Jensen (Head of International Freight & Logistics – FTA / APSA) spoke to Ross Greenwood (Sky News).
Tom Jensen (FTA / APSA) interview on Business Now Sky News – 27 March 2024
Preliminary member feedback suggests this incident will create another “bull whip effect” for importers from the USA east coast to Australia in about 4-6 weeks’ time – refer HERE
“The scale of the volumes coming from the east shouldn’t be underestimated. Global manufacturing is weak including China but the USA is the best of a bad bunch at the moment.”
“Highlighting the fragility of the supply chain is essential, all it takes is one BIG thing (or lots of little things at once) for it to come crumbling down.”
Paul Zalai – Director FTA | Secretariat APSA | Director GSF