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Suez Canal blockage adds to global supply chain chaos – Sydney Morning Herald

The grounding of a mega-container ship on one of the world’s busiest trade routes will hurt global supply chains already battered by the pandemic and rising US-China…

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That pressure will continue and intensify under the Biden administration. Biden has ordered an urgent 100-day review of US supply chains and has outlined plans for incentives and subsidies to increase domestic production of strategic products like semi-conductors and rare earths.
Australian exports were targeted by China in retaliation for matters like the call for an inquiry into the origins of the coronavirus, or condemnation of Chinas crackdown on Hong Kongs semi-autonomy, forcing exporters to…

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