Important Takeaways:

• The CrowdStrike software bug that crashed Microsoft operating systems and caused the largest IT outage in history caused disruptions at U.S. and global ports, with highly complex air freight systems suffering the heaviest hit, according to logistics experts, as global airlines grounded flights.
• “This is a reminder of how vulnerable our ocean and air supply chains are to IT failure.”
• Thousands of flights were grounded or delayed at the world’s largest air freight hubs in Europe, Asia and North America.
• Emily Stausbøll, Xeneta senior shipping analyst, told CNBC that the IT outage has the potential to cause significant disruption at ports if ships are prevented from offloading and loading containers, and that can cascade through the supply chain.

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