AI Technology Leader Predicts Suez Canal Global Supply Disruption will Cost $45 Billion in Coming Quarter
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Thursday, April 1, 2021
DALLAS, April 1, 2021 /PRNewswire-PRWeb/ -- ClearPrism today released new analysis showing the total impact of the Suez Canal disruption on U.S. companies will cost up to $45 billion in negative economic impacts in 2Q 2021.
Key Points:
- DALLAS, April 1, 2021 /PRNewswire-PRWeb/ -- ClearPrism today released new analysis showing the total impact of the Suez Canal disruption on U.S. companies will cost up to $45 billion in negative economic impacts in 2Q 2021.
- The artificial intelligence (AI) technology leader's latest research details the supply chain recovery impacts on critical industries including defense, construction, healthcare, manufacturing, and oil and gas, and outlines how companies can prepare for future events.
- "The economic impact due to the one week disruption of oil alone, just one of the 10 commodities held up in the Suez Canal, will cost up to $28 billion in the coming quarter," said Ralph Welborn, Ph.D. (Cognitive Science) and Co-Managing Partner, ClearPrism.
- "While most analysts will be projecting something in the neighborhood of a $10 billion impact from disruption in the oil industry, our data shows it will actually be almost triple that.