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Impact of Suez Canal Blockage on Auto Industry Tuesday, May 11, 2021 4:13 AM UTC The legendary Suez Canal nested in Egypt has been the heart of every world trade over the last century. Acting as a bridge between Africa, Europe, and Asia, the significance of this canal as a world trade route is imminent. So what happens when the shortest maritime route from Europe to Asia gets blocked by a massive 400 m container ship? The answer lies in massive numbers, all of which are of negative impact on global trade. For starters, 12% of global trade passes through the Suez canal each day, which accounts for a whopping total of $9.6 billion each day! Revenues of almost 14 to 15 million USD are taking a hit each day the canal remains closed. Countless businesses, ranging from domestic transport providers to retailers, supermarkets, and manufacturers are at risk of losing millions of dollars. Sadly, the already struggling autom

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