Tech firm data show shipment volumes fell 20% during February storms, with pharmaceutical shipments seeing on-time-delivery rates drop 36% the week of February 14.
Nationwide shipment volumes fell 20% and on-time delivery (OTD) rates declined in mid-February when winter storms ravaged Texas and other parts of the South, underscoring the impact of the storms on already strained supply chains and a resulting need for greater supply chain visibility, according to recently released data from supply chain technology company FourKites.
Manufacturing, food and beverage, and pharmaceutical industries bore the brunt of the storms, the data show. During the week of February 14, FourKites’ supply chain visibility platform saw total shipment volumes decline by 20% compared to the previous week, with manufacturing shipments falling by 31%, food and beverage by 23%, and pharmaceuticals by 19%.
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