Waiting…and Waiting….. for that Delivery

Over the past week, there has been growing concern over the traffic back-ups and delayed wait times for commercial shipping and logistics companies’ along the 2000 mile long US-Mexico border. According to the Wall Street journal, the delays came after hundreds of U.S. Customs and Border Protection agents, who manage the flow of commercial traffic, were reassigned to help manage the flow of migrants seeking to enter the country.  As President Trump quoted, “Security is more import to me than trade”.  An average of $1 million in commercial goods and services flow across the U.S-Mexico border every minute, according to Jon Barela, chief executive of Borderplex Appliance. He said delays, including the threat of a border shutdown, hit the agricultural sector and the auto-manufacturing industry hardest. At some crossings, two hours waits have grown into five or six hour delays (and 8-mile long lines), reducing the numbers of round trip journeys truckers can make. Business owners who have coverage through an Enterprise Risk Management captive may find they have recourse through their policy if their supply chain is impacted due to circumstances such as those happening at the border.  To learn more, please reach out to us at Contact@OxfordRMG.com.