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Suez Canal shutdown by Ever Given highlights another weak link in global supply chain

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Stranded container ship Ever Given, one of the world’s largest container ships, is seen after it ran aground, in Suez Canal, Egypt March 26, 2021.

Suez Canal Authority | Reuters

The massive Ever Given container ship, stuck in the Suez Canal, provides a vivid image for a world economy whose global supply chains were already disrupted.

The stranded Ever Given has put a chokehold on one of the most critical chokepoints in the world economy.  The Suez Canal is the shortcut between East and West, cutting voyages between Asia and Europe by 3000 miles. 

For that reason, it has long been at the top of the list of “chokepoints” in world commerce – at risk from disruption resulting from war or…



Source cnbc.com

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