The Panama Canal is vital to global trade, with about 14,000 vessels passing through each year. But a severe drought has created a water shortage in the lake that supplies the canal, leading to restrictions that could cut the amount of cargo making the journey by about 35 percent. Senior partner John Murnane and colleagues note that global supply chains could be affected if ships choose to use alternate routes—potentially leading to longer sailing times and increased costs. Click through the interactive to see more.
To read the article, see “How could Panama Canal restrictions affect supply chains?,” January 19, 2024.