The Suez Canal blockage creates more Supply Chain disruptions. Are your goods involved?

The blockage of the Suez Canal by a grounded container vessel threatens to deepen a supply chain crisis that has left global companies, port operators, and shipping lines battling soaring costs and product shortages for more than a year. In Egypt on Saturday, specialized crews continued efforts to free the Ever Given, a 200,000-ton cargo carrier that has blocked the canal since becoming stuck against the shore there earlier this week. The price of commodities such as oil and East African coffee beans rose Friday as buyers bet on scarcity. If the blockage persists, the disruption could ripple through the arteries of the global economy, affecting the flow of oil, chemicals, apparel, iron ore, and manufactured goods. About 13 percent of world trade passes through the Suez Canal, according to Allianz, an investment firm. Even a return to normal operations in a week or so would leave supply chains struggling to work through the accumulated backlog.