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The shipping container shortage that’s wreaking havoc on the global supply chain
The Shipping Container Shortage That’s Wreaking Havoc on the Global Supply Chain | GZERO World
November 23, 2021
Spare a thought for the poor shipping container, responsible for most of the world's trade. It's had a rough year that started with the gargantuan Ever Given getting stuck in the Suez Canal.
Now the Suez traffic jam has gone global.
When the pandemic started, everyone needed COVID supplies from China. Chinese factories couldn't keep up with soaring demand from Western nations, and empty containers started to pile up in faraway ports.
Sending one of these ships from Shanghai to Los Angeles has jumped more than ten-fold from $2,000 to $25,000.
And as demand increases even more, the problem is getting worse — a vicious cycle with no end in sight just as the holidays approach.
Watch this episode of GZERO World with Ian Bremmer: Inflation nation: What's driving US prices higher?
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At the 2026 AI for Good Global Summit in Geneva, Tony Maciulis speaks with Tonee Ndungu, a Kenyan entrepreneur who helped launch one of the tech hubs that became a baseline for what is now known as Silicon Savannah. Ndungu explains how growing up with dyslexia and ADHD shaped his focus on inclusion, and why he sees technology as a bridge that can help people move beyond the limits they have been told about themselves.
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Graham Platner is out of Maine's Senate race. That may improve Democrats' chance of defeating Republican Susan Collins—but it doesn't guarantee it. In the latest episode of the GZERO Debrief, Eurasia Group US Practice Head Clayton Allen says Democrats may be better off than they were a week ago, but Republicans remain the favorites to hold the Senate seat.
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