January 23, 2024 — Supply chain challenges in both the Panama Canal and the Suez Canal are having an impact on global trade, but the impact on cargo rates and the seafood industry is still less than it was during the heights of the Covid-19 pandemic.
A panel of experts, speaking during the Global Seafood Market Conference in Orlando, Florida, U.S.A., said the ongoing struggles for both pivotal trade routes have had a lower impact on the container industry than what happened during the pandemic, when high material and transport rates caused costs to jump.