Geospatial technology could help prevent weather-related disasters such as the 50-mile traffic jam along the Interstate in eastern Virginia that left some motorists stranded in a snowstorm for more than 24 hours.
The Monday storm dumped more than a foot of snow on the I-95 corridor area. It not only stranded highway travelers overnight and wreaked havoc on nearby roads, but also stopped an Amtrak passenger train in its tracks for more than 30 hours.
But the disaster could provide the data for geospatial technology to predict a similar event in future. That would give first responders, utility workers and emergency crews the time and information they need to respond and mitigate the damage and suffering events such as the I-95 jam inflict.
Global supply chain issues blamed for disrupting the flow of goods and sparking higher inflation may have finally peaked, according to a new gauge from the Federal Reserve Bank of New York, but the rapid spread of the omicron variant of COVID-19 has already caused a new wave of labor and supply chain problems.
As the New York Fed noted in a blog post published on Tuesday, supply chain disruptions have become a major challenge for the global economy since the start of the COVID-19 pandemic.
Factory shutdowns, particularly in Asia, along with widespread lockdowns and mobility restrictions have resulted in disruptions across logistics networks, increases in shipping costs and longer delivery times.
In the post, the New York Fed unveiled a new gauge, the Global Supply Chain Pressure Index (GSCPI), which integrates a number of commonly used metrics with an aim of providing a more comprehensive summary of potential disruptions affecting global supply chains.