These are tough times for supply chains and business leaders who depend on them. Brexit. The pandemic. Congestion at major ports. Now a 1,300-foot-long container ship is preventing hundreds of other vessels from using the Suez Canal, one of the most important waterways in the world.
If corporate officials needed to be reminded about the importance of preparing or updating their crisis management plans in these uncertain times, the headlines about the stranded ship should be enough to make their plans a top priority—whether they rely on supply chains or not.