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Suez Canal blockage disrupts global supply chains, commodity flows, but unlikely to set back Covid-19 recovery

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[unable to retrieve full-text content]The Suez Canal blockage will strain manufacturing supply chains, deplete inventories of raw materials from oil to finished products like fertilisers and send shipping costs soaring, but it is unlikely to put a major dent in the recovery of the global economy, economists and analysts say.The Ever Given, a ship that is longer than the Eiffel Tower and can carry 20,000-containers, has not moved since its grounding on Tuesday despite frantic efforts to free the ship from a world trade chokepoint…

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[unable to retrieve full-text content]
The Suez Canal blockage will strain manufacturing supply chains, deplete inventories of raw materials from oil to finished products like fertilisers and send shipping costs soaring, but it is unlikely to put a major dent in the recovery of the global economy, economists and analysts say.The Ever Given, a ship that is longer than the Eiffel Tower and can carry 20,000-containers, has not moved since its grounding on Tuesday despite frantic efforts to free the ship from a world trade chokepoint…

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