OPINION: It has already been a difficult year for New Zealand supply chains. The Suez Canal saga will only make things worse.
But this is proving to be a good lesson about the country’s supply chain vulnerability. Now is the time to pay attention to what would make us more resilient.
More than 99 per cent of New Zealand’s import/export volumes are shipped by sea; these tonnages account for 80 per cent of national trade value. A significant portion of this trade will be impacted as the Suez Canal conveys 12 per cent of global shipping along the Europe-Asia trunk route.