Why the global supply chain is about to get a whole lot worse
Crises in the Panama and Suez canals are wreaking havoc on shipping routes and may soon create long-term gaps in the supply chain.
Tesla and Volvo both announced this week that they are pausing production at their plants in Belgium and Germany, respectively, given the lack of essential manufacturing components reaching Europe. Tesla, which will halt production for two weeks, said the “considerably longer transportation times are creating a gap in supply chains.”
