The International Chamber of Shipping (ICS) had remarked that the Suez Canal crisis laid bare the “fragility of global supply chains and emphasized how important the container shipping sector is to the global economy”.
Undoubtedly, the suspension of traffic through the Suez Canal, caused by the previously grounded Ever Given container ship, has created uncertainty across the global supply chain. Experts say that we might celebrate the release of the ship and unblock of the canal but the story doesn’t end there, leaving some critical questions unanswered. They emphasize that the impact will reverberate across supply chains for months to come.
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