The weakest link in a chain is the strongest because it can break it.
-Stanislaw Jerzy Lec
A networked world means that what happens someone else’s economy matters more than ever. A natural disaster or a man-made economic meltdown in another city or country can have tremendous impact on the companies and industries in our own backyards.
We don’t have to look beyond our shores for an example. Regular strikes at the Port of Long Beach are impacting supply chains across North America and the cost of everyday goods.
Long Beach is the largest port in the United States and ranked among the largest logistics centers. Many goods that we purchase and parts that arrive on our shores for final assembly come through this important port before they are transported by rail or truck to markets across the U.S.
When this major West Coast port is unpredictable – as it is now – companies must adjust their supply chains to receive goods through eastern and southern ports. While these ports are expanding and very capable, they do not provide a complete solution to the issue. These adjustments cost precious time and ultimately, they unnecessarily raise the price of products you and I purchase every day. Solutions are being sought for this issue, and the Panama Canal expansion will have some impact. But ultimately, we need a productive and predictable Port of Long Beach.
The Columbus Region’s supply chain industry accounts for an estimated 75,000 jobs locally and is considered one of the most complete logistics industry clusters in the United States. Learn more about logistics and transportation services in the Columbus Region.
One Columbus Update
- This week, the One Columbus team will host companies evaluating the Columbus Region.
- Our team will attend the Columbus Business First Power Breakfast featuring the City of Dublin’s Dana McDaniel and Terry Foegler. We’ll also be at the Columbus Chamber Annual Meeting featuring Jamie Dimon, chairman of the board and chief executive officer of JPMorgan Chase & Co. JPMorgan Chase is the Columbus Region’s largest private employer, and Dimon will share insights on business in an exclusive interview conducted by George Barrett, chairman and CEO, Cardinal Health.
- Congratulations to Jack Partridge, outgoing president of Columbia Gas and chief policy officer of NiSource Inc., who will receive the Columbus Award at the Chamber’s Annual Meeting.