In recent years, typhoons have become a growing concern for industries worldwide, particularly in the agricultural sector and global supply chains. As climate change intensifies, these powerful storms are causing unprecedented disruptions, leading to billions in losses and a ripple effect across multiple industries. The most recent analysis by FreightWaves highlights the severity of the situation, offering insights into how these natural disasters are reshaping … Read More
Drought, Declining Transits at Panama Canal
The Panama Canal, a crucial artery for global trade, is facing a squeeze. While container ships are finding a silver lining, the overall number of transits is plummeting, and climate change sits at the heart of the issue. Let’s dive into the current situation and explore what it means for the global economy. Droughts Bite, Traffic Drops Water Woes: The main culprit is a severe … Read More