Nothing like a blocked Suez Canal to show the global supply chain’s fragility – Marketplace

A 1,300-foot-long, 200-foot-wide cargo ship blocked the Suez Canal this week, shutting down visitors in each instructions. And it might take a number of days to maneuver the ship and unblock the canal, a key route for international commerce. One skilled informed us every further delay of delivery is equal to a tariff of between 0.5% and a pair of%. On immediately’s present: the fragility of the worldwide provide chain. Additionally, orders for U.S. sturdy items dipped for the primary time in practically a yr, why companies are pushing Congress to develop paid household and medical depart, and we determined to see what all that NFT buzz is about.


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