03. Stormy waters: The maritime trade crisis
This episode of the Weekly Tradecast talks about how the war in Ukraine has compounded severe strains on global supply chains from the COVID-19 pandemic with Jan Hoffmann, head of UNCTAD's trade logistics branch.
More than 80% of goods move by sea. Space on ships is tight and the cost to transport a container has soared.
Now, with the war in Ukraine, prices are rising for almost everything we consume.
Mr. Hoffmann helps us navigate the uncertainties around maritime trade and recommends some solutions.