The fallout from the Suez Canal ship is coming to a store near you

[Nevilledog]

Link to tweet

https://www.vox.com/the-goods/2021/4/2/22364278/suez-canal-ship-effects-ever-given-supply-chain

When a ship as long as the Empire State Building is tall got lodged diagonally across the Suez Canal on March 23, it provided immediate and exceptional meme fodder. This mammoth symbol of the hubris of capitalism, ran aground by a windy day — like a modern-day Titanic, if all the passengers were giant metal boxes, no one died, and everyone was on Twitter.

For the logistics industry, though, the canal blockage was just the latest and most visible manifestation of the relentless cascade of problems created — or at least catalyzed by — the Covid-19 pandemic.

“It’s really just another example of how crazy things have been over the past year,” says Eytan Buchman, chief marketing officer of the online freight marketplace Freightos.

Even before the 220,000-ton Ever Given got stuck, global supply chains were facing a laundry list of stressors, from skyrocketing prices and container shortages to port congestion and unrelenting consumer demand.

For the average shopper, most of these pressures have only been noticeable when they’ve gone to buy a couch or fix their washing machine and been met with months of delays. But as the pandemic drags on and the problems continue — now exacerbated by a very big ship that, in six days, held up nearly $60 billion in global trade — there are signs that we may eventually feel the crunch in our checkout carts, too.

*snip*

[regnaD kciN]

1. The Ever Given keeps on Ever Giving...

[mitch96]

2. Any excuse to raise prices.. As as attributed to many orators...

"Never let a good crisis go to waste"... Cheney used it to get us into a forever war that made the military industrial complex make a bucket load of money. A gnat farts on a pool of oil and the industry raises gas prices.
I think Biden is using it in conjunction with the 100 day honeymoon to pass all of his great programs.. YMMV
m

[phylny]

3. Just think - if we would just start making the things we need here

in the USA!