Panama Canal Expansion Boosts Capacity by 2016, Business and Industry Trends Analysis

Major ports saw immense backups of ships needing to load and unload as a result of labor shortages and other factors instigated by the Coronavirus.  Although important ports in the U.S., EU and China are investing in increased capacity, changes and improvements take years to complete.  Meanwhile, the world’s supply chains are generally operating in crisis mode due to shortages of everything from truck drivers to dock space for containers. China’s immense success in becoming a sophisticated manufacturing center for export products initially meant exponential growth in the number of ships coming in and out of Asia.  In December 2005,…

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