No doubt you’re aware of the urgent push by global manufacturers to diversify their supplier base. Now comes the opposite problem: “supplier sprawl.”

By shifting to these countries for sourcing, manufacturers can spread production across a wider range of markets and reduce their exposure to geopolitical and trade risks.

The new shipyard will be dubbed Port Alpha, and will reportedly be capable of manufacturing ships up to 1,200 feet long.

The blockading of ship traffic through the Strait of Hormuz has disrupted the procurement and maintenance of manufacturers' local exhaust ventilation (LEV) systems.

The companies building supply chain resilience now are creating modular layers above their core infrastructure.

Sections of the span collapsed during a torrential rainstorm in August of 2018, while the bridge was undergoing maintenance work to strengthen its road foundations.

Trump first granted the relief for some 659 products in March, then extended it a month later, in the face of pressure from oil and chemical industry officials.

June was the port's third strongest month on record, and the third time it has ever crossed the 1 million TEU threshold.

Any assets sanctioned companies hold under U.S. jurisdiction are now frozen, while U.S. businesses are prohibited from doing business with them. 

The IMO’s secretary general told Bloomberg Radio that ships should continue to avoid navigating Hormuz because of the current level of navigational risk.