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Put a photo of yourself and describe yourself in five points

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Put a photo of yourself and describe yourself in five points

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Choose two (2) and discuss two (2) points for each of the impacts of the Baltimore Incidents.                                     1) economic                                                  2) logistics                                                      3) supply chain                                                4) insurance industry

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Choose two (2) and discuss two (2) points for each of the impacts of the Baltimore Incidents.                                     1) economic                                                  2) logistics                                                      3) supply chain                                                4) insurance industry

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Economy

1. Infrastructure repair and Rebuilding costs. The government would face significant expenses to repair or replace the collapsed bridge.

2.Transportation Disruption: The collapse would disrupt transportation networks, affecting the movement of people and goods in and around Baltimore. It will affect the domestic economy.

Supply Chain

1. Production Delays. Manufacturing facilities and distribution centers reliant on the affected transportation routes may experience delays in receiving raw materials, components, or finished goods. This can disrupt production schedules, leading to inventory shortages and potential revenue losses.

2. Supply Chain Disruptions. The collapse of a bridge could disrupt the entire supply chain, affecting suppliers, manufacturers, distributors, and retailers.

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Economic
- loss of revenue : Closure or restricted access to key transportation routes, such as bridges, can impede the movement of goods and people.
- impact on local economic : local business such as restaurants may experience a decline in customer traffic as people avoid the affected area.

Logistics
- disruption to transportation networks : it serves as vital arteries for the movement of goods. the disruption can ripple throughtl the entire logistics ecosystem.
- supply chain resilience and contingency planning : Business need to proactively identify and assess potential risks to their supply chain. effective contingency planning involves developing alternative transportation routes.

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Economic

1. Businesses may struggle to recover from the damage, potentially leading to job losses.

2. Negative publicity can tarnish city's reputation, make it less attractive to businesses, investors and tourists.

Supply chain

1. The key transportation are affected which can lead to delays in the movement of goods.

2. Damage to warehouses may cause inventory shortages and production slowdowns for companies upstream in the supply chain.

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| 1. Logical | 2. Calm | 3. Creative | 4. Self-Aware | 5. Honest |

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1. International Business Management 2. Penang Girl 3.Quiet person 4.Love watching movie and drama 5.Disciplined

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Economic Impact:

1. Trade Disruption: Baltimore bridge closure post-ship collision disrupts trade, especially for port-dependent industries, causing widespread economic repercussions at local, national, and global levels, leading to revenue losses and potential long-term effects on global trade dynamics.

2. Increased Costs: Bridge collapse raises supply chain costs for industries like automotive, relying on Baltimore port, due to rerouted shipments, adding complexity and expenses, ultimately impacting consumers through price hikes, contributing to inflationary pressures.

Logistics Impact:

1. Infrastructure Damage: Incident emphasizes the need for better infrastructure management in maritime transportation, necessitating safety measure reviews and structural integrity assessments to prevent future accidents, with a focus on managing navigation channels.

2. Supply Chain Disruptions: Bridge closure causes significant supply chain disruptions, congesting alternative transportation routes, leading to delays, increased transit times, and complexities in meeting delivery deadlines and managing inventory levels for businesses across the logistics network.

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1.I hope that everything I do will have a good and ideal result. 2. Play hard and study smart for now 3. Organize schedule to ensure work is submitted on time 4. Focus:Family over everything 5. Sad if get a bad result 

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Impacts of Baltimore incident in

(1) Economic

- Renovation cost : High rebuilding cost in affected area.

- Financial losses in local business: property damage & reduced customer traffic

(2) Logistic

- Delay in delivery process: transportation route disruption

- Increased difficulty to transport in restricted / affected area.

(3) Supply Chain

- Delay in delivery process : supplier in affected area.

- Cause shortage of products from affected region

(4) Insurance Industry

- Increased claim: property damage & business interruption

Reassessed the risk of similar incidents and the pricing strategies

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1. Adaptable 2. Curious 3. Open-minded 4. Creative                                                        5. Exercise

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1. International business management 2. Good time management 3. Responsible 4. Introvert person 5. Don't regret the choices you've made

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• Calm • Always get the job done • Still in progress to make myself better • Quite person • Love playing games

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1. Logistics:

Inventory Challenges: During unrest, it's hard to know how much stock to have. This can lead to having too much or too little, causing problems and costing extra money.

Delivery Issues: Roads might be blocked, making it tough for trucks to deliver goods. Companies may need to find new ways to deliver or wait longer, which costs time and money.

2. Supply Chain:

Supplier Problems: Suppliers in Baltimore might struggle to make or deliver parts. This can stop companies from making products, causing delays and shortages.

Reputation Damage: If companies can't fulfill orders due to these problems, customers might lose trust. Also, negative news about the unrest could harm a company's image.

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Economic

1. Impact local businesses. Transportation cannot cross over the bridge after the incident happens

2. Infrastructure damage costs. Repairing and rebuilding the bridge will involve substantials costs.

Logistics impact.

1. Port congestion. The bridge collapse affects access to a major port, lead to congestion as vessels are unable to enter the port efficiently

2. Disrupting of trade routes. The collapse block the key transportation route, disrupting the flow of goods.

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1. Introvert 2. Motivated 3. Hardworking 4. Passionate 5. Cheerful

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1. God and me

2. Upgrade knowledge

3. Open minded

4. More exercise

5. Focus on my goals

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Economic :

1) The cost in repairing and rebuild the bridge is expensive that the government need to face it.

2) Businesses facing a loss of revenue and have to struggle in covering the damage .

Supply Chain:

1) The delays of cargo such as raw materials , vehicle and goods . This will totally affect the production and the schedules .

2) The collapse of Baltimore bridge causes the disruptions of supply chain which causing to revenue losses and impact the everyone involved .

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1. introvert 2. love travel 3. adaptive 4. open-minded 5. curious

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1. Economic

-Business Disruption: This incident will disrupt business operations and cause loss of revenues for businesses.

-High Repair Costs: Damage to bridge requires high costs and takes long time to repair.

2. Logistics

-Transportation Delay: This incident will lead to delays in the movement of goods and ships, affecting logistics operations.

-Increased Costs: Reroute the shipment schedules through alternative routes or other transportation options can increase the transportation costs.

(287410)

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1. Love hiking ❤️ 2. Happy go lucky 3. Cheerful 4. Organize 5. Always caring people around me ❤️

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Impact of the Baltimore incidents on both economics and logistics:

1. Economic Impact:

Port of Baltimore: The collapse of the Francis Scott Key Bridge has severed crucial ocean links to the Port of Baltimore, which is a major trade gateway. Here’s how it affects the economy:

Trade Disruption: The port handles a substantial volume of foreign cargo, totaling 52.3 million tons valued at nearly $81 billion in 2023. The suspension of vessel traffic disrupts this vital trade flow.

Employment: The port directly employs over 15,000 people, contributing significantly to the local economy.

Imports and Exports: The port handles various imports and exports:

Imports: Items like paper, electronic machinery, wood, and vehicles arrive through the port.

Exports: Goods such as electronic machinery, iron and steel, machinery, and aircraft parts are shipped out.

Supply Chain Stress: The disruption affects global supply chains, leading to potential delays and additional transportation costs for companies relying on the port.

Indirect Impact: Beyond Baltimore, more than 140,000 people may be indirectly affected due to disruptions in port operations.

2. Logistics Impact:

The bridge collapse has ripple effects on logistics:

U.S. East Coast Flow: The flow of goods along the U.S. East Coast is hindered, impacting transportation routes.

Rerouting Challenges: Efforts to reroute shipments result in higher expenses and delays, affecting supply chain efficiency.

International Connections: Many shipments to the Port of Baltimore originate from countries like Japan, Mexico, and Germany.

Truck Processing: While trucks are still being processed in the port’s terminals, the suspension of vessel traffic poses challenges for logistics operations.

In summary, the collapse of the Francis Scott Key Bridge has far-reaching consequences, affecting trade, jobs, and supply chains. Mitigating these effects is crucial for maintaining economic stability and efficient logistics operations.

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1. Workaholic   2. High Empathy   3. Responsible   4. Loves cats   5. Independent 

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1. Malaccan  2. Listener  3. Adaptable  4. Responsible  5. Optimism

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1. Take responsibility seriously

2. Independent

3. Introvert

4. Conscientious

5. Hard-working

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Courage. Integrity. Respect and courtesy. Responsibility. Fairness

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Economic

- Loss of business revenue as the incident can lead to particularly affected areas.

- High cost to repair and replace the damage caused by the incident.

Logistics

- The movement of people and goods impacted and also delay in supply chain and logistic transportation.

- Businesses that rely on suppliers or distribution centres located in affected areas may experience delays or disruptions in receiving essential goods and materials. This can lead to production delays and inventory shortages.

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1. Responsible.

2. Creative.

3. Analytical.

4. Curious.

5. Optimistic.

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Financial crises arise in order to rebuild the bridge and repair the damage on the cargo or the boat.

Theres financial issues too to cure the injured staffs.

2. Supply Chain

The damage both on the boats and cargo will take more time to arrived to its designed destination.

Will also delay the movements of the cargo, and any other boats that are using the same route.

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Economic impacts:

Local businesses may experience a decline in sales as a result of locals and visitors avoiding shopping and dining in the impacted regions due to the Baltimore Incidents' potential to undermine consumer trust.

Small companies in particular may be forced to close permanently due to financial losses arising from property damage or looting during the occurrences.

Supply chain impacts:

Road closures and delays in public transit are examples of how the Baltimore Incidents might influence transportation routes, which can affect how quickly products and services are delivered to companies in the impacted regions.

Businesses in Baltimore may experience delays in satisfying client requests and order fulfilment if they are forced to close because of damage or safety issues that prevent them from operating.

(294513)

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1. Economic:

- Loss of Revenue: The Baltimore incident, depending on its nature, could lead to a significant loss of revenue for businesses in the affected area. If there's damage to infrastructure, businesses may need to close temporarily, resulting in lost sales and productivity.

- Investor Confidence: Incidents like these can shake investor confidence, not only in local businesses but also in the broader region. Uncertainty about the stability of the area can lead to hesitancy in investing, impacting economic growth in the short and long term.

2. Supply Chain:

- Disruption in Transportation: The incident could disrupt transportation routes, affecting the movement of goods and materials in and out of Baltimore. This disruption could lead to delays in deliveries, increased transportation costs, and potentially shortages of goods in other regions dependent on Baltimore as a distribution hub.

- Inventory Management Challenges: Businesses reliant on Baltimore as a distribution center may face challenges in managing their inventory. With delays in receiving goods or raw materials, they may need to adjust their inventory management strategies, possibly leading to increased storage costs or shortages of certain products.

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Economic
1. Business Revenue Loss: The Baltimore Incidents, particularly those involving unrest or civil disturbance, have the potential to severely disrupt local businesses. Store closures, reduced foot traffic, and property damage can cause significant revenue losses for both small and large businesses. This loss of revenue can have a knock-on effect on the local economy, affecting employment, taxes, and overall economic growth.

2. Investor Confidence: The perception of safety and stability is critical in attracting investment to any city. Riots and large-scale protests can erode investor confidence, causing a reluctance to invest in local businesses or infrastructure.

Logistics
1. Disruption of Transportation Routes: The Baltimore Incidents most likely disrupted transportation routes in and around the affected areas. This disruption could have serious implications for logistics, as shipments may be delayed or rerouted, resulting in higher transportation costs and potentially affecting the timely delivery of goods to consumers.

2. Security Measures and Increased Costs: Following the incidents, logistics companies may increase security measures to protect their assets and personnel. This could include increased security personnel costs, technological upgrades, and cargo insurance premiums.

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Logistics

1. Supply Chain Disruption: If the Baltimore incident involved a disruption to transportation infrastructure like ports, railways, or highways, it could have caused delays or rerouting of shipments. This disruption could have ripple effects throughout the supply chain, affecting the timely delivery of goods and raw materials to businesses both regionally and nationally.

2. Security and Risk Management: The incident may have prompted businesses to reevaluate their security and risk management strategies, particularly those with operations or assets in Baltimore or similar urban areas. This reassessment could involve implementing additional security measures, diversifying supply chain routes to mitigate future disruptions, or enhancing contingency plans to address similar incidents in the future.

Insurance industry

1. Claims Volume and Risk Assessment: Depending on the nature of the incident, insurers may face a surge in claims related to property damage, business interruption, or liability. This could lead to increased scrutiny in risk assessment for businesses and properties located in similar areas or facing similar risks, potentially resulting in adjusted premiums or coverage terms.

2. Reinsurance and Market Stability: Major incidents can strain insurance companies' financial reserves, prompting them to rely more heavily on reinsurance to manage their exposure. Reinsurers may reassess their pricing and capacity in response to heightened risks, affecting insurance market stability and potentially leading to changes in premiums and coverage availability for policyholders in affected regions or industries.

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1. Cheerful 2. Enthusiasm 3. Ambivert 4. Ambitious 5. Independent 

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1. Economic

Between $100 million and $200 million of cargo passes through the Port of Baltimore everyday. With that coming to stand still, many longshore workers affected by this incident could be unemployed.

The rebuilding cost of Baltimore Bridge is costly and will effect the US governmental money

2. Logistics

Blocking access for vessel traffic in and out of the Port of Baltimore which is the top domestic port for cars and major hub for other perishable goods.

The invident cause the route disruptions along the Suez and Panama Canals.

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1. Responsible 2. Creative 3. Curious 4. Penangite 5. International Business Management 

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1) Economic - Economic cost: Rebuilding the bridge is costly and time-consuming.

- Export and Import: The United States and the United Kingdom are the major suppliers of LNG, and because of the implications, ships will be unable to sail because they are still detained in Baltimore.

2) Supply chain

- Disrupting transportation and shipping: items that should be coming to the port can no longer get into the port.

- Delay in freight movement: because items must be moved to other ports

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1. Economic

-Incurred cost to repair the bridge and infrastructure.

-The major port in the US focusing on automotive and vehicles is blocked causing a decline in trade.

-Closure of the port may cause the wages of workers to drop.

-The price of the main handling cargo of the port may rise due to shortage.

2. Logistics

-Cargoes and ships are stuck in Baltimore.

-The logistics companies are facing difficulties in diverting ships that will be passing the way.

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1. Dreamer 2. Adaptable 3. Introvert 4. Love watching drama 5. Love listening to music 

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1. Penangite 2. Responsible 3. Happy go lucky 4. Extrovert 5. Love travel

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1. Ambivert 2. Independent 3. Love reading novels   4. Curious 5. Responsible 

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NUR ALEYA SYAZWANA BINTI HAMIZEE (295030)

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NUR ALEYA SYAZWANA BINTI HAMIZEE (295030)

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* Cheerful
* Motivated
* Love to help
* Always get the job done
* Always explore new things

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1. quiet type 2. try my best to complete the work   3. still learning  4. love games  5. respect

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Extrovert, Open minded, Friendly, Never ever give up, Independent and hard working

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Economic Impact

Business Disruption:

Business may struggle to recover from the damage, and it might cost a lot to repiar.

Investment disrupion:

A bridge collapse can raise concerns among investors about the reliability and safety of existing infrastructure. This uncertainty may deter potential investors from committing funds to projects in the affected region, particularly those reliant on efficient transportation networks.

Supply Chain Impact

Production and distribution delays :

Bridge collapse might affect the delays in recieving goods. Distribution schedules may be affected as outbound shipments face difficulties in leaving the area.

Alternative Route Challenges:

can be difficult and time-consuming to find alternate routes for transportation. Delivery times and operating expenses may increase as a result of enterprises having to take longer routes and maybe running into traffic or infrastructural constraints.

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Economic Sector Impact:

Loss of Productivity: If the incident disrupts businesses, factories, or offices, there can be a significant loss of productivity, leading to economic downturns.

Damage to Infrastructure: Damage to roads, bridges, or utilities can impede economic activity, making it difficult for businesses to operate effectively.

Loss of Revenue: Businesses may suffer from a decline in sales or revenue due to decreased consumer spending or disruptions in supply chains.

Logistics Sector Impact:

Disruption in Supply Chains: Logistics operations can be severely affected by incidents, causing delays or interruptions in the supply chain, impacting the movement of goods and materials.

Transportation Delays: Damage to roads, railways, or ports can lead to transportation delays, making it difficult to transport goods in and out of the region.

Increased Costs: Companies may incur additional costs to reroute shipments or find alternative transportation methods, leading to increased expenses.