Prof. Dr. Erick Behar-Villegas highlighted that for Latin America, initially, the impact is not as strong as one would expect. Remembering that a specific issue in one economy can affect other markets given the role of volatility he indicates that the main problem relates to the Asian economies.
Around 11% of global trade flows through the Suez Canal, which has caused massive rerouting operations and delays, contributing to uncertainty and possible freight increases in the near future.
Giving an example of the case about Japan, which is the destination of the ship, Prof. Behar-Villegas came to the conclusion that if a ship of this size, just like a truck that needs to get to its destination, is not able to do, it leads to product scarcity, which in turn may lead to increasing prices.
Check out the full interview below!
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