Episode 12 | The Current View | The Red Sea & Panama Canal CRISIS

In the inaugural episode of PODcakes new series, "The Current View," we embark on an in-depth exploration of the worldwide repercussions stemming from the Houthis' missile launches targeting merchant vessels in the Red Sea. Delving into the significance of this crucial shipping lane, particularly as vessels transition from the Suez Canal into the dangerous waters of the Red Sea under the protection of the U.S. Navy, we assess the impact and strategies being used. Additionally, we scrutinize the crisis of dwindling water levels in the Panama Canal due to drought, prompting ships to seek alternative routes around South America and consequently affecting the global economy. Are we on the brink of a global economic crisis? What implications does this hold for the availability of goods in our grocery stores, and how will it exacerbate the already surging costs of commodities? Join us as we attempt to gain deeper insights into these unfolding events. Leave us a comment on what you thought of the episode. Please consider helping this channel by becoming a Patreon Member. https://www.patreon.com/MotorcyclesandPancakes PODcakes Instagram: motorcyclesandpancakes Find Shawn on Instagram: AdvOregon Listen to PODcakes on Spotify and Apple Podcasts ________________________________________________________ RESOURCE GUIDE The Resource Guide for this episode was current at the time of recording. Recorded on February 13, 2024 Potential Economic Impact https://www.npr.org/2024/01/16/1225023134/the-economic-impact-from-the-red-sea-tensions https://www.cnn.com/2024/01/10/economy/red-sea-attacks-economic-impact/index.html https://fortune.com/2024/01/04/red-sea-15-percent-international-trade-10-day-journey-cape-good-horn/ Supply Chain and Logistics https://www.freightwaves.com/ https://www.freightwaves.com/news/tag/state-of-freight-insight What’s going on with shipping - Sal Mercogliano www.youtube.com/@wgowshipping IMF Portwatch https://portwatch.imf.org/ Freightos https://www.freightos.com/ Basis for the Panama Canal https://fortune.com/2023/12/04/panama-canal-dry-backed-up-brutal-drought-shippers-paying-4m-jump-queue/ https://www.cnbc.com/2023/11/03/panama-canal-drought-hits-new-crisis-level-amid-severe-el-nino.html#:~:text=Panama%20Canal%20drought%20hits%20new%20crisis%20level%20with,Administrator%20Ricaurte%20V%C3%A1squez%20Morales%20recently%20said.%20More%20items This has been a Moto-Cakes Production |

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