lessons to move forward? you have hit it on the nail. i am often asked, when is the supply chain going to calm down? when will things improve? i say, we are heading in the right direction, but we still of the pandemic existing, and while we still have locked out in certain areas, flair ups in certain areas, leading to labour shortages or complete closing down of factories in receiving areas, then that is going to mean problems will continue to exist. we need to get over that. secondly, we have had this major pandemic, hopefully the world learns from that. maybe we are better in the future in terms of predicting and spotting when the pandemic are happening, working quicker to close them down and stop them becoming a global phenomenon. but you need to do more in the healthcare sector, regarding our future risk aversion of these types of things happening. we are still dealing with post pandemic chain chaos. but in late february of this year comes a war on european soil.
a global phenomenon. but you need to do more in the healthcare sector, regarding our future risk aversion of these types of things happening. we are still dealing with post pandemic chain chaos. but in late february of this year comes a war on european soil. what s that done? supply chain has been tough. many of you will be aware we are still getting delays because of that back up from land side coming to oceanside. ships are running fine on the ocean side, we can carry things, we just cannot get them through the ports. changing gears and talking about that russia invasion, february, march this year, overall, russia, ukraine is 1 2% of global container business, not that significant in terms of overall supply chain.
as strong as it is or is perceived to be could actually with stand that kind of pumping or even not i wouldn t say slamming of the brakes, but it is more than just a tap at that point. if you re talking about 50, 75, or possibly 100 basis points which some traders are jockeying for right now. in that scenario, it starts to play out. and you mentioned the cryptocurrency side of things. it is not just this risk aversion is happening with stock and bond markets right now. cryptocurrencies have tumbled because of that and by the way, just this morning, in the last hour or so, we got some other headlines not good on the economic/job front or the cryptocurrency/risk front. that is coin base. the biggest u.s. based exchange operator for cryptocurrencies. they issued a statement, the ceo brian armstrong saying they will layoff, cut a good amount of their work force. 18% of them. now they employee around 5,000
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