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More Implications from the Costa Concordia Incident

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Supply Chain Matters has been focusing on the implications of many recent major supply chain disruptions.  Beyond the immediate impact of an incident are the longer-term implications, both financial and operational in nature. Thus may be the case concerning the tragic grounding of the passenger cruise liner Costa Concordia that occurred in January.  This cruise liner with 4200 passengers and crew went aground off the coast of an ecological sensitive marine sanctuary area of the Italian coast on January 13, incurring the loss of 32 human lives with lots of open questions regarding ship safety procedures.  The incident itself should not only be of considerable concern to the cruise line and travel industry, but also to supply chain transportation teams who rely on ocean transport.  For it is the final magnitude of the monetary cost that will potentially impact shipping operations for years to come. Beyond the obvious cost of […]