Shipping groups prepare for more ‘black swan’ events after Suez blockage
Container companies buy into other parts of the supply chain, including warehousing and distribution The wonders — and absurdities — of globalisation were thrust into the spotlight last month when a ship built in Japan, insured in the UK, flying a Panamanian flag and manned by an Indian crew wedged itself across one of the world’s busiest waterways, adding further strain to supply chains that have been tested to the limit during the pandemic. Yet global trade, though disrupted, did not grind to a halt. Instead, vessels that ordinarily would have passed through the Suez…
