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The Panama Canal, which transits more than 14,000 shipping containers with a combined cargo of 270 billion annually, is perhaps one of the most crucial pieces of the supply chain puzzle. But what happens when droughts slow down the transit of ships through this critical point for global trade? In this blog, Manuel Yagüe analyzes how companies should respond to this latest supply chain crisis. New call-to-action I have a great friend who lives in Panama. A year ago we were visiting him and took the opportunity to see the Canal ( the Miraflores Locks ). When we left those magnificent facilities, I thought that my relationship with the Canal would end with my visit to Panama. The ships would continue to transit through that wonderful work of human engineering that is capable of uniting two Oceans, avoiding millions of nautical miles, millions of liters of fuel and many days of crossing for vessels that transport goods.

However, in recent weeks this infrastructure has burst into the lives of all supply chain professionals due to the extreme drought that is plaguing the Central American country and which has caused vessel transit to be much less fluid than expected. usual. At this point, we must all take into account the impact that this situation has on our stocks and think about how to manage it in the most efficient way possible. The Panama Canal in figures Japan Telegram Number Data Before delving into what has happened in the Panama Canal and how it is affecting global freight transportation, it is interesting that we review some very illustrative figures of the magnitude of this infrastructure and its role in international trade. Despite numerous supply chain disruptions, the Panama Canal broke a record for ship traffic in its fiscal year 2022 (which runs from October 1, 2021 to September 30, 2022). This record of activity translated into a transit of 14,239 ships, 897 more ships in year-on-year terms.



Revenue from the Panama Canal also reached its historical maximum: 3,028 million dollars. About 6% of world trade passes through the Panama Canal. 518.8 million tons crossed the Channel. All these figures place the Panama Canal as one of the vital steps for the proper functioning of international trade and the global economy, along with other infrastructures such as the Suez Canal or roads such as the Straits of Hormuz and Malacca. Current Situation of the Panama Canal What situation is the Panama Canal in now? Broadly speaking, the current situation in the Panama Canal is that ship traffic has slowed down as a result of the drought that the country is suffering. In this way, daily traffic has been reduced from 38 to 32 vessels, so the delay time now reaches 22 days. This means that it already takes the same time to travel through the Panama Canal as it does to go around the American continent through the southern cone.
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