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(Proper noun) Strange cargo ships stuck on both sides of the Suez Canal in March caused a brief chaos in the global supply chain
This is a perfect news story. It lasted about a week, just enough to form a narrative arc without becoming boring.It is good for everyone-the good of mankind Sailor trapped in the boat For the sensitive; this Fluid mechanics A huge boat is maneuvered for nerds in a narrow shallow canal; anyone who has ever played a boat in a bathtub will have a childlike joy.
Of course, the serious lesson we should all learn from this drama is about the fragility of globalization.This reminds people that trade between Europe and Asia is subject to 150 year old bottleneck For politicians who are already talking about local and strategic independence, this is catnip.
Has the turning point of globalization ever been given-the moment we realized that the international supply chain network has extended too far? Not really, it’s not. Shippers use different routes, including all over Africa, and the company has insufficient inventory. The international economy has not stagnated. In the first quarter of this year, global merchandise trade continued to recover from the impact of the pandemic. Major economies grew by more than 8%, and the second quarter also performed well.
Since then, there have been even greater disruptions in the supply chain, and there has been a heated debate about how long they will last. In this sense, Ever Given may be seen as a harbinger of future troubles. But in terms of its actual impact, it was basically a big ship stuck in the canal for a week, and then it was released. According to the 2021 standard, this is good news.
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