Lake

• Reports of lengthy shipping delays for vessels traveling through the Panama Canal this year have highlighted the critical but often overlooked role that fresh water plays across global supply chains.
• Drier than normal conditions in Panama, brought on by El Niño, have left the region drought-stricken and water levels in the locks that feed the canal lower than normal.
• As a professor of supply chain management, I think businesses would be wise to pay closer attention to this issue.

Water, water everywhere, and not enough to share

• Each crossing by a ship requires 52 million gallons of fresh water from lakes, rivers and streams across this small country.
• This creates a trade-off between preserving water for local needs and using it to allow ships to traverse the canal.
• Periodic low water levels in the Mississippi River and the Rhine River in Germany have impeded barge traffic for years, disrupting supply chains while stoking debate about how to divide limited amounts of fresh water.

An ancient challenge

• The need to manage water resources isn’t new, with complex water management systems dating back to the Roman Empire and even earlier.
• As my colleagues and I show in a recent journal article, water is an important component of almost everything people buy.
• A lack of water can hamper production and disrupt the supply chains that businesses rely on.

Solutions for businesses

• There are a number of ways in which businesses can improve their water management to reduce their own consumption – and costs – while limiting their exposure to water risks.
• Similarly, not every process pollutes water, so reuse is easy for wastewater resulting from those processes, such as water used for cooling.
• While stronger government regulations and expanded reporting requirements will help, decisions by businesses themselves can move that needle even more.

Dustin Cole does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

• Today, Waterfront Alliance releases WEDG® (Waterfront Edge Design Guidelines) Version 3.0, which will expand applicability of the guidelines to riverine and lacustrine waterways, expanding expectations on what it means to meet the gold standard for waterfront development.
• The standard will update guidance around designing for future adaptability, designing to flood, and other resilience techniques.
• Access continues to be an important part of the standard with stronger requirements on stakeholder engagement and workforce development.
• In New Rochelle, New York, WEDG is required as part of the zoning process for multi-family developments along the waterfront.

• HOUSTON, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release the financial results for its three and nine months ended September 30, 2023 on Tuesday, November 7, 2023 at 7:00 a.m. C.S.T.
• Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) is the largest provider of dredging services in the United States.
• In addition, Great Lakes is fully engaged in expanding its core business into the rapidly developing offshore wind energy industry.
• Great Lakes has a disciplined training program for engineers that ensures experienced-based performance as they advance through Company operations.

• View the full release here: https://www.businesswire.com/news/home/20231101163836/en/
  Dream Outdoor Resort Callahan will feature a golf course, splash park, and tiny home rental cottages.
• (Graphic: Business Wire)
  The resort, “Dream Outdoor Resort Callahan,” marks the launch of DLP Capital’s collection of Dream Outdoor Resorts that plans to redefine and enhance the RV resort experience.
• Over the last 15 months, DLP Capital has purchased/developed three RV resorts in North Florida.
• “DLP Capitals sees incredible untapped potential in the luxury RV resort sector,” said Don Wenner, Founder and CEO of DLP Capital.