Suez Canal Blockage Expected to Impact e-commerce Deliveries in Europe:ParcelHero

ParcelHero, the expert in international delivery has warned that e-commerce orders are likely to be delayed due to the stranded cargo ship in the Suez Canal. EverGiven, the Taiwanese shipping container had blocked the trade route from 23rd March until 29th March.

Since nearly 12 percent of the world, trade passes through the infamous trade route, which means that the blockage has had a deep impact. The incident will have a negative impact on the e-commerce orders placed by consumers in Europe.

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More about the incident

On the 23rd of March, EverGiven, a cargo ship as tall as the Empire State Building ran aground in the Suez Canal and eventually blocked it.

The container was on its way to the Dutch port city of Rotterdam from China when strong winds knocked it off its usual course.  The mishap resulted in a shipping logjam that is expected to inflict huge losses on traders and also delay e-commerce items shipped from China.

Although the container was refloated again on the 30th of March, the impact of the incident will be felt for several weeks to come.

What is ParcelHero saying?

According to ParcelHero, the blockage of the canal has led to a notable rise in shipping costs, loss of perishable goods, and created knock-on delays across ports.

David Jinks, Head of Consumer Research, ParcelHero said that nearly 8.2 billion euros worth of goods have been held up each day. The incident will dent global trade and cost it over 5 billion euros. He said that e-commerce orders from Amazon and other platforms will face delays.

The impact

EverGiven blocked a total of 367 ships that were waiting to pass through the canal. Since Suez Canal is one of the most important global trading routes, the tremors of this incident can be felt across various industries worldwide.

This blockage has had an impact on car production, video game development, and more. Not only was EverGiven carrying manufactured goods, but it was also carrying components of goods that were to be manufactured in the future.

Image Source: https://www.flickr.com/photos/pierre_markuse/51070311183/ used under the license Attribution 2.0 Generic

 

Karandeep V

Karandeep was born in Pune, Maharashtra, an upcoming metropolitan city in the Western region of India. While most members of his family are engineers, he had different ideas. He was more inclined toward exploring the non-technical aspects of a business, which is why he studied Bachelors of Business Administration at Symbiosis International University, Pune.  Having said that, his love for new and upcoming technologies remained intact, which is why he has written extensively about technology throughout his career. After a brief stint with a gaming company at the beginning of his career, he discovered that his love for writing was not temporary.  Being a tech geek, he always liked installing and playing around with new applications on his mobile devices and the home desktop. He was fascinated by how technology can simplify even the most mundane and complex tasks with just a few commands. He keeps a close eye on how businesses use different tools to streamline their operations to boost productivity and efficiency.  At ToolsMetric, he writes product reviews that cover the main features and specifications of different enterprise applications. The sheer amount of innovation and hard work that goes into building these tech solutions is one of the reasons why Karandeep loves reviewing these tools. Besides product reviews, he also writes interesting news articles and blogs that track the latest developments in the tech industry.  When he is not writing, you can find him rooted to his seat playing video games, watching movies, or supporting his favorite football team. Since his childhood, he has always loved to travel and explore new places. Traveling is a major part of his life due to a myriad of reasons such as experiencing new cultures, food, and traditions. His other hobbies include playing football, cooking, and running.  You can find him on LinkedIn here.

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