With the Panama Canal being one of the most important trade routes in international shipping, limitations have a considerable impact.
The Panama Canal Facing Restrictions
he Panama Canal is a crucial global trade route and a significant passageway for supply chains requiring international shipping. It is an ideal shortcut in maritime container transportation and generates over $2 billion yearly for Panama’s economy. With some of the most prominent carrier companies transporting through the canal, restrictions may significantly impact supply chains.
Florida’s Importance to the Freight Forwarding Industry
The freight forwarding industry in Florida has thrived due to the many conveyance methods available for moving shipments. Florida boasts 19 commercial airports, 21 foreign trade zones, 15 seaports, and various railroads located throughout the state. In 2019, Florida moved 912 million tons of freight valued at over $1.1 trillion in its freight system. The state’s positioning benefits freight forwarders and shippers by allowing solutions to streamline supply chains. Florida’s growing population has increased the volume of cargo moved in and out every year.