The Ship That Broke Economics
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The Suez Canal blockage in 2021 literally cost the world 400 million dollars per hour.
When that ship got stuck sideways, it created the perfect case study for supply chain
elasticity. Suddenly, toilet paper shortages were about one ship blocking twelve
percent of all global trade. Companies relying on just-in-time inventory learned the hard way
why buffer stock actually exists. Air freight companies made absolute bank as businesses paid
premium rates to bypass the canal. This crisis rewrote textbooks, proving how globalization
makes every economy completely interdependent.
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