New challenge for supply chains - earthquake in Turkey
The recent earthquake in Turkey has not only resulted in a significant loss of human life but has also severely impacted the country's economy and supply chains. More than 5000 buildings were confirmed to have collapsed, including offices, warehouses, and other commercial establishments. The closure of the Port of Iskenderun, which handles vital cargo like fertilizers, wheat, corn, and iron, has further exacerbated the situation. Shipping lines have already begun rerouting their shipments, and supply chains are being reworked to minimize the overall impact on customers. The earthquake's epicenter was also near the city of Gaziantep, an industrial hub central to the country's textile industry, further affecting economic activity and supply chains. The logistical challenges of delivering relief aid and medical supplies are also significant due to heavily congested and closed roads, bridges, and limited flight operations. The airfreight backlogs are expected to worsen as some airports limit passenger flights to give priority to rescue teams.