THE DOMINO EFFECT - World's shipping crisis explained with simple Illustrations

THE DOMINO EFFECT - World's shipping crisis explained with simple Illustrations

21st February 2022

“Supply chain crisis” became an often-used phrase during the coronavirus pandemic as Covid-19 caused vast economic disruption across the world. It has been used to explain bare supermarket shelves and why goods are taking much longer to reach businesses and consumers. The pandemic has laid bare vulnerabilities in the global shipping industry, which remains affected by a shortage of crew, available containers in Asia and capacity at major ports in the United States and Europe. 

About 90 per cent of the world’s trade is transported by ship. When many countries went into lockdown in early 2020, restrictions on peoples’ movements resulted in significant changes in consumption patterns. Nearly every company in the world was forced to adapt to the health crisis, including airlines, which converted passenger aircraft for cargo as borders closed to international visitors.

For a really great explanation and simple illustrations on the domino effect of the world's shipping crisis, please read the full article from multimedia:

https://multimedia.scmp.com/infographics/business/article/3166926/container-crisis/index.html