Choking Global Trade
Low rainfall and shrinking rivers are causing shipping bottlenecks, and higher prices, around the world.
TL;DR
- Low water levels in major rivers and canals are disrupting global shipping.
- The Panama Canal is limiting daily vessel traffic due to low water levels in its feeding lakes.
- Droughts and shrinking rivers are increasing shipping costs and slowing trade.
- Record high diesel prices further contribute to rising costs of goods.
- Experts predict these factors will significantly increase global food costs.