As one of the world's important shipping channels, the blockage of the Suez Canal may affect the global supply of many commodities. The "Ever Given" heavy container freighter stranded in the Suez Canal may cause months of chaos in the global supply chain, leading to a shortage of products such as toilet paper, coffee and furniture in the United States. The US Consumer News and Business Channel pointed out that shipping delays may affect all items people order online.
According to reports, there is no alternative route for transporting goods from Asia to Europe, which delays the delivery of goods exported from Europe to the United States. The obstructed incident will also prevent empty containers from returning to Asia, making the global container shortage worse. Although goods imported from Asia by the United States usually arrive in California from the Pacific, the delivery of goods from Asia to Europe is delayed, causing further delays in exports of European manufactured goods to the United States.
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According to Lowe’s Daily, containerized cargo worth approximately US$9.6 billion passes through the Suez Canal every day, including clothing, home appliances and electronic products. Singapore’s Minister of Transport Wang Yikang said that if the Suez Canal continues to be blocked, more shipping companies’ ships will detour, which may affect cargo in the Asia-Pacific region. If ships must bypass the Cape of Good Hope to reach Asia, the voyage will increase by a week or two.
Century's big "ship jam" affects the world! These commodity shortages have risen in price, and retailers in many countries have suffered from the "ship jam" of the century, affecting the world! These commodities are in short supply and prices have risen, making it difficult for retailers in many countries
According to reports, Brazil's Susano Paper Company stated that the blockage of the canal may delay the transportation of pulp. If producers do not have sufficient stocks, the interruption of the pulp trade will eventually affect the supply of toilet paper.
At the same time, there are still shipping containers full of coffee that are blocked in the Suez Canal. Due to delays in transportation, coffee shortages may occur in Europe. The report also cited reports from Bloomberg and Business Insider that most of the Robusta coffee beans used by Nestlé are shipped through the Suez Canal. Although the coffee shortage will mainly affect Europe, it will also have an impact worldwide. .
During the COVID-19 pandemic, the boom in home office furniture sales has delayed the delivery date for several months, and the ship stranding incident has further aggravated the situation. Oil transportation will also be affected by this crisis. The blockage of the canal will affect the delivery of oil and gas from the Middle East to Europe, pushing up oil and gas prices.
sea freight from china
Century's big "ship jam" affects the world! These commodity shortages have risen in price, and retailers in many countries have suffered from the "ship jam" of the century, affecting the world! These commodities are in short supply and prices have risen, making it difficult for retailers in many countries
Industrial base metals are also being affected, especially aluminum prices. LME aluminum futures closed up 52 US dollars on Friday, reported 2298 US dollars / ton, again approaching the high of more than two and a half years. This is mainly due to the surging demand for aluminum. The blockage of the Suez Canal has exacerbated supply concerns. "The blockage of the canal is threatening a rare global shortage of aluminum products that are vital to the transportation and construction industries."
The situation is getting a little crazy, and the Suez Canal crisis may worsen the situation. As the output of European and American factories increases and buyers make up inventory in advance, the supply of aluminum billet is rapidly shrinking.
sea freight from china
