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When global supply chains are threatened, reshoring increases

It is better to manufacture closer to your market and pay a higher price than to lose sales and get dissatisfied customers. That is why several Swedish companies have decided to bring production back home.

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Jack-knifed in the Suez Canal

On March 23, 2021, the 400-meter-long container ship Ever Given became stuck across the Suez Canal, blocking traffic for six days before 14 tugboats managed to dislodge it. The canal, only 300 meters wide with frequent strong winds, was ill-suited to accommodate a ship of that size in such conditions. On March 28, a queue of 369 ships formed, carrying cargo valued at a combined $9.6 billion, all waiting to transit the canal. Approximately 12 per cent of global trade flows through the Suez Canal.

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