The failure of the Suez Canal could disrupt commercial supplies for several months

The failure of the Suez Canal could disrupt commercial supplies for several months

Laundre (CNN Business) – The 400-meter container ship, which was blocking The Suez Canal was released for about a weekThis opens the way for hundreds of ships waiting to start crossing the vital commercial artery.

But this does not mean that the crisis is over for companies that depend on the timely delivery of raw materials, parts and products. Even before Ever Given’s delinquency, supply chains were stretched to the limit, making transporting goods around the world more expensive causing shortages of everything from stationary bikes to cheese.

There are now 367 ships, including 35 oil tankers and 96 container ships, waiting to use the canal. When the traffic starts moving again, it will take days to fix the backlog, further delaying products on their way to customers.

IKEA told CNN Business last week that the shutdown could “create restrictions on our supply chain,” depending on how long it takes to release Ever Given.

A company spokesperson told CNN Business, “We can confirm that there are containers with IKEA products on the ships waiting to pass and resume their course to destinations through the Suez Canal.”

The spokesperson added, “We will consider all sourcing options available to ensure the availability of our products.”

Maersk, the world’s largest container shipping company, has three ships trapped in the canal and another 29 waiting to enter. More are expected on Monday.

The company has already redirected 15 ships around the Cape of Good Hope, at the southern tip of Africa, adding days and costs to their voyages.

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Maersk said it could take six days or more to clear ship buildup in the canal after Evergiven’s release, depending on safety and other factors. The indirect effects of the business will last longer.

“Even when the canal is reopened [este lunes]The company said the ripple effects on equipment and global capacity are significant and the shutdown has already caused a number of additional disruptions and delays in global shipping that could take weeks and possibly months.

Aygen Marsh

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