Suez Canal blockage: Things which will get costlier as The Ever Given remains stuck

According to experts, the blockage is costing about $400 million an hour and it could still take weeks before the impasse is resolved. Apart from, toilet paper and coffee, a lot of other daily items could become scarce. The efforts to make The Ever Given afloat are underway.

As if the soaring prices of petrol and diesel wasn’t bad enough, the Suez Canal blockage could make things even worse. The fuel prices could skyrocket in times to come, if the supply chain is not restored soon enough. The canal reportedly accounts for about 5 to 10 per cent of global shipments of crude oil and liquefied natural gas.

If you are planning to buy furniture for your home or office, you might have to take a rain check as you could end up paying a lot more than what it would cost usually. The Suez Canal jam has forced other ships carrying such shipment to wait in line.

Several shipping containers carrying robusta coffee which is used to make Nescafe instant coffee have been left stranded due to the blockage. The shortage could be felt not just in Europe but worldwide.

According to media reports, the Suez Canal jam would delay the shipment of wood-pulp which is used in manufacturing toilet paper. There may soon be shortage of TPs in stores in various places.