Every trade-reliant country should gear up for disruptions in trade flows

THE Suez Canal disruption should serve as a timely reminder that even in these days of ever more digitalisation and virtual goods and services, trade in physical goods remains at the foundation of the global economy.

The shipping industry is almost invisible most of the time, even in tradereliant Singapore. Yet, sea transport is still the cheapest way to get goods from manufacturer to consumer. About 10 billion tonnes of goods are transported by ship each year.

It is something of a truism to say that...


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes