Increased Supply Chain Bottlenecks Sparks Global Economic Warning

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ValueWalk

The ocean harbors more than 80% of the globe’s traded goods. The Royal Bank of Canada (RBC) conducted a new study that has revealed economic data suggesting that 20% of all container ships in operation are sitting in traffic at several different major ports around the globe. According to the study, the Ukraine war, China’s COVID-19 lockdowns, and other complications are creating extremely long wait times at ports. This is causing costs to skyrocket. Q1 2022 hedge fund letters, conferences and more The RBC report shows vessels anticipating berth at the Port of Shanghai stand at 344. The current…

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