…The disruptions are straining supply chains, driving up costs, and reshaping global trade patterns, with vulnerable economies hit hardest.

Geneva - Global trade is facing significant disruptions as two of the world’s most vital maritime chokepoints – the Suez Canal and the Panama Canal – experience severe challenges driven by geopolitical tensions and climate-related risks.

In addition to straining global supply chains and undermining economic growth, these disruptions are driving up costs, reshaping trade patterns, upending the flow of energy and food supplies and threatening to exacerbate food security risks, especially in vulnerable economies . . .