Suez Canal: Freed ‘Ever Given’ Was Costing the Global Market $12 Billion USD in Trade Each Day From textiles to toilet paper, get ready for supply-chain delays and price jumps.

While the mega container ship itself was carrying a sizable 18,300 containers, the blockage itself has caused a pile-up of close to some 400 ships. This has roughly translated to a tie-up of some $12 billion USD of goods each day for the global market. Though this delay may seem like a small ordeal, nearly 90 percent of the world’s goods are transported by sea with over 70 percent of those goods as containerized cargo.

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