Ever Given in suez canal crisis made Drip Coffee Bag Price Up!
Breaking News! One Container Ship, Ever Given is being stuck in suez canal, Which blocked the path of suez canal. Due to the ssuez canal crisis, the direct economic loss is only the tip of the iceberg.
What happened to suez canal
On that day, due to the dusty weather in Egypt, the visibility was low, and the wind speed was as high as 50 kilometers per hour, which made it difficult for the crew to control the Ever Given Container Ship and eventually grounded the ship.
Why is suez canal so important
According to a survey conducted by the Wall Street Journal on more than a dozen freighters currently stranded in the Suez Canal, the value of their stranded goods has reached as high as 12 billion U.S. dollars. According to Bloomberg News, a 163-kilometer canal is blocked, and goods worth up to 9.6 billion U.S. dollars are blocked every day.
In addition to the well-known crude oil, the paralysis of the Suez Canal will directly lead to an increase in freight costs. This "butterfly effect" is transmitted to the supply chain of the industry. The final result is changes in the prices of consumer goods for daily use.
In addition to energy products such as crude oil and natural gas, the main consumer goods transported by Suez also include clothing, food, electronics, industrial parts and so on.
At present, the Suez Canal carries about 12% of the world's maritime trade, and more than 90% of the world's international cargo is transported by ships. The Suez Canal is open to more than 50 freighters every day. Nowadays, the Long Grant has blocked more than one route, and it is also an aspect of the global economy.
According to Bloomberg News, one of the world's largest suppliers of pulp for toilet paper, the head of Brazilian company Suzano SA, said that the blockage of the Suez Canal will delay the transportation of pulp and therefore lead to a shortage of toilet paper in stores in Europe and the United States.
There are still countless amounts of middle-fruit coffee on the Suez Canal route. This is the second largest variety in the world's coffee production, accounting for nearly 30% of the world's coffee production. Due to the foreseeable transportation delay, the European market, which is a major drip coffee bag consumer, will soon experience a coffee shortage.
Europe consumes a lot of coffee, and drip coffee bag will come into the shortage and price up.