About 80% of all international trade is carried over the seas. | Zerodha
About 80% of all international trade is carried over the seas. That means the phone you're reading this article on probably spent time on a ship. But two major global shipping routes are facing serious issues right now.
There are about 8 major shipping choke points through which a large part of global trade passes. Right now, the Panama Canal and Bab-el-Mandeb are facing issues. This is leading to delays in goods, rising shipping prices, and small increases in the price of goods.
If things get worse, it will potentially lead to an upward spike in inflation. In this article, we understand what's happening with global shipping.
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