Suez Canal Holdup May Cause Shortage of Goods Similar to Last Year

Cargo ship at sea
Photo by Ian Taylor on Unsplash

We all remember how intense things got around this time last year. The pandemic caused people to panic-shop across America, pillaging supermarkets for goods such as toilet paper, hand sanitizers, and all kinds of cleaning products you can possibly imagine. Yeah, things got pretty crazy, and there were shortages for the most basic goods as a result.

Apparently, there’s a good chance we might have a similar form of shortage coming soon, but for a different reason. It might be time to stock on toilet paper again, and here’s why.

There have been multiple problems recently in regards to the international shipping of goods. The main gist of it, however, has to do with products being detained at certain places and thus being unable to arrive at their destinations.

The main crux of the withholding has been taking place at Egypt’s Suez Canal. This area was blocked up dramatically by a massive cargo vessel that got stuck, and then stopped hundreds of ships from passing through this common pathway. All of these ships were on their way to deliver goods, and they reportedly made up 12% of world trade.

The Ever Given, a ship that’s as long as the Empire State Building, was finally released from the holdup, bringing about some optimism that things are going to clear. However, many top analysts are predicting that it’ll take over a week for all of the ships to finally be released.

Ron B
Ron studied law but realized he’d much rather work in a profession that makes him happy and decided to become a writer. He now writes mostly about sports, business, stocks, and politics.