Nothing like a blocked Suez Canal to show the global supply chain’s fragility
A 1,300-foot-long, 200-foot-wide cargo ship blocked the Suez Canal this week, shutting down traffic in both directions. And it could take several days to move the ship and unblock the canal, a key route for global trade. One expert told us each additional delay of shipping is equivalent to a tariff of between 0.5% and 2%. On today’s show: the fragility of the global supply chain. Also, orders for U.S. durable goods dipped for the first time in nearly a year, why businesses are pushing Congress to expand paid family and medical leave, and we decided to see what all that NFT buzz is about.
