Shipping has resumed on the Suez Canal, but global trade woes linked to the COVID-19 pandemic are far from over — and supply chain disruptions may soon hit Canadian consumers if they haven’t already.
The world celebrated on Monday as tugboats dislodged a 400-metre-long container ship that had obstructed the canal for almost a week. But the knock-on impacts on global shipping could take weeks or months to unravel, experts have warned, as the blockage created a backlog of hundreds of vessels waiting in line to transit through the critical waterway, which accounts for around 12 per cent of global trade traffic.
Global's Anne Gaviola has the story.
For more info, please go to https://globalnews.ca/news/7725651/furniture-toilet-paper-shortage-price-increases-canada/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#Consumer #Canada #Economy #GlobalNews