The Suez Canal blockage in March 2021, happened due to grounding of the container ship Ever Given, further escalated the impact. The shipping journal Lloyd’s List estimated that goods worth $9.6 billion pass through the canal every day. The blockage delayed a range of parts and raw materials for European products such as cotton from India for clothes, petroleum from the Middle East for plastics, and auto parts from China. The impact on global supply chains is expected to last for several months.
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Posted by Peter Heydenrych.
Read the Entire Spring 2021 Transport, Logistics and Supply Chain Report Here
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