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Ship stuck in the Suez Canal cost the economy $400M an hour? 3 года назад


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Ship stuck in the Suez Canal cost the economy $400M an hour?

The Ever Given cargo ship was grounded in the Suez Canal for over six days, causing an enormous backup in one of the world’s major trade routes. The story dominated news headlines and viral claims swirled on social media about the ship’s impact on the world economy. On Monday, the vessel was finally freed. The VERIFY team talked with supply chain experts to find out how much economic damage took place over the past six days. THE QUESTION: Did the global economy lose $400 million an hour due to the grounding of the Ever Given in the Suez Canal? THE ANSWER: We can VERIFY this claim is true. Paul Hong, Professor of Global Supply Chain Management at the University of Toledo, and Lisa Anderson, founder and president of the supply-chain consulting company LMA Consulting Group, agree the number is actually about $416 million per hour. WHY ARE WE VERIFYING: Since the grounding of the Ever Given cargo ship on March 23 in the Suez Canal, media outlets have widely reported that this traffic block in one of the world’s busiest trading routes was costing the global economy $400 million per hour. WHAT THE EXPERTS SAID: According to supply chain experts Paul Hong and Lisa Anderson, about $10 billion worth of trade flows through the Suez Canal daily. That’s about $416 million an hour. That’s a huge economic impact, on top of an already strained supply chain due to the novel coronavirus and significant weather events, among other factors. “The supply chain was already out of alignment. So now that we have the Suez Canal it pretty much means that it's gotten even more out of alignment.” Anderson said. Read more here: https://www.wusa9.com/article/news/ve...

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