AMKBY - Global shipping disruptions could rattle supply chains deep into 2021

lcswart/iStock Editorial via Getty Images Plagued by the coronavirus pandemic, as well as the Suez Canal blockage, the shipping industry was just getting back on its feet before being dealt another blow. One of the biggest ports in the world called Yantian, was recently shut down because of COVID-19 outbreak (the port also happens to export 90% of the world's electronics). It's causing massive headaches across the maritime shipping world, as well as complicating efforts to reopen the global economy. The impact? While it's difficult to compare the two latest incidents - one is a port, the other is a chokepoint - the amount of cargo that was affected at Yantian was even larger than the Suez obstruction seen in March. The fallout could be another rise in the price of goods, which have already been significantly impacted by inflation in recent months. Container shipping companies have also needed to

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Global shipping disruptions could rattle supply chains deep into 2021