Epic Economist: Supply Chains Face Worst Threats Since 2020

As the world enters 2024, the threat of supply chain disruptions, congested ports, delivery delays, and soaring shipping prices is looming once again. This time around, the conditions are far scarier than they were at the peak of the COVID-19 pandemic. The head of ocean freight of the Americas at Rhenus Logistics, Stephanie Loomis, recently revealed in an interview that she is seeing cargo prices skyrocket due to a series of disturbances at the world’s busiest shipping routes. The conflict in the Red Sea, a severe drought in Central America, and labor disputes on both American and European coasts are…