The climate crisis is throwing a wrench into already messy supply chains.
Climate change and the El Niño weather phenomenon are affecting water levels in the Panama Canal.
The situation is serious this summer because of a historic drought affecting rainfall that feeds into the Panama Canal.
Advertisement Advertisement Watch:Droughts aren't a new phenomenon at the Panama Canal — climate change has been associated with unpredictable weather for years.
Supply chains were already in chaos from COVID-19, geopolitics, and rising costs in ChinaTo be sure, the vessel congestion at the Panama Canal is troubling because it adds to the existing stress on the world's supply chains.
Persons:
Nari Viswanathan, Viswanathan, Project44, Stephen Lamar, Jon Davis, Donald Trump, Biden
Organizations:
Service, American Apparel & Footwear Association, CNBC
Locations:
Panama, Washington, El, COVID, China, China . Washington, Beijing, India, Vietnam