The Business Times
NEWS ANALYSIS: SUEZ CANAL JAM
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Stuck ship in Suez a warning about excessive globalisation

Single mishap underscores extent to which modern commerce revolves around global supply chains, and the perils of reliance

Published Sat, Mar 27, 2021 · 05:50 AM

London

THE world got another warning this week about the perils of its heavy reliance on global supply chains. As a single ship ran aground in the Suez Canal, shutting down traffic in both directions, international commerce confronted a monumental traffic jam with potentially grave consequences.

The troubled craft is not just any vessel. The Ever Given is one of the world's largest container ships, with space for 20,000 metal boxes carrying goods across the sea. And the Suez Canal is not just any waterway. It is a vital channel linking the factories of Asia to the affluent customers of Europe, as well as a major conduit for oil.

The fact that one mishap could sow fresh chaos from Los Angeles to Rotterdam to Shanghai underscored the extent to which mode…

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