While agricultural exporters tend to use the Panama Canal to reach Asia, delays force many to switch to the Suez Canal.
Panama Canal Transits Lowering
With the Panama Canal being one of the most important trade routes in international shipping, limitations have a considerable impact.
The Panama Canal Facing Restrictions
he Panama Canal is a crucial global trade route and a significant passageway for supply chains requiring international shipping. It is an ideal shortcut in maritime container transportation and generates over $2 billion yearly for Panama’s economy. With some of the most prominent carrier companies transporting through the canal, restrictions may significantly impact supply chains.