My first thought (having worked in shipping/receiving for years) is that just ONE ship this size being delayed will cost enormous amounts of money. Just one of those shipping containers could be holding millions of dollars in goods, and how many are on just this one ship?
Now, imagine how many other ships of this size are in limbo as well. Buyers of these goods may have to halt production entirely to wait for these materials to arrive.
This one event could have ABSOLUTELY MASSIVE (and sudden) effects on economies. Every hour that this traffic jam exists could potentially cost jobs, businesses, and lives. Truly staggering
My first thought (having worked in shipping/receiving for years) is that just ONE ship this size being delayed will cost enormous amounts of money. Just one of those shipping containers could be holding millions of dollars in goods, and how many are on just this one ship?
Now, imagine how many other ships of this size are in limbo as well. Buyers of these goods may have to halt production entirely to wait for these materials to arrive.
This one event could have ABSOLUTELY MASSIVE (and sudden) effects on economies. Every hour that this traffic jam exists could potentially cost jobs, businesses, and lives. Truly staggering