Climate Change Disrupts Global Trade: Panama and Suez Canal Closures Worsen Supply Chain Crisis

Doug McIntyre discusses the severe impact of climate change on global supply chains, focusing on the partial shutdown of the Panama Canal due to drought. With over 120 ships waiting to pass through, some must detour around South America, adding significant delays. The drought has lowered water levels, preventing the largest ships from passing through. Meanwhile, the Suez Canal is also closed due to conflict, further exacerbating global shipping disruptions. These issues highlight the growing impact of climate change on critical infrastructure and global trade.