Panama Drought Creates Global Traffic Jam

Sustained congestion at the Panama Canal could ripple through global supply chains

Last week, I had the opportunity to visit the Panama Canal, one of the most strategic waterways in the Western Hemisphere. It sits at the literal crossroads of North and South America as well as the Pacific and Atlantic oceans. A meaningful percentage of global trade, worth approximately $270 billion, transits the isthmus in Central America each day. In…