Global Shipping Challenges: Red Sea and Panama Canal

The podcast episode discusses the challenges faced by global shipping due to disruptions in the Red Sea and the Panama Canal. The Red Sea has become a concern due to Houthi militants in Yemen targeting ships linked to Israel and its allies. To mitigate the risk, some commercial ships have changed their call signals to indicate they are crewed by Muslims. Meanwhile, restrictions and drought in the Panama Canal have also affected global shipping. The episode features David Diker from McKinsey & Company, who highlights the interconnectedness of these issues and their impact on the global economy. He advises businesses to consider supply chain resiliency and long-term strategies to navigate these challenges.