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High Seas Troubles Affect Global Supply Chains, Part One: Security Risks

Enterra Insights

Recent events remind us how big the world is and how vital ocean supply lines are for the global economy. That means maritime shipping lies at the very heart of the global logistical system. Even so, global supply chains have been impacted. Nearly 90 per cent of global trade is carried by sea-going vessels.

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Interoceanic Passages

Abivin

In the current global economy, the closure of a maritime chokepoint would have significant economic ramifications due to the disruption of trade flows and even some supply chains (e.g. Nevertheless, they offer possibilities for routes that may encourage domestic imports and exports as well as the growth of logistical activities.

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