A giant cargo ship the length of four football fields, the Ever Given, is
blocking the Suez Canal for a third day, disrupting the flow of what is estimated to be more than $9 billion USD in goods
each day.12% of all global maritime trade passes through the Suez Canal, a narrow man-made passageway from the Mediterranean to the Red Sea and the shortest sea route from Asia to Europe. Some experts say that freeing the ship could take days or even weeks, creating ripple effects throughout essentially all global industries.
The pandemic and resulting bike shortage have exposed points in the bike supply chain that were susceptible to bottlenecks, and we can expect this disruption to further exacerbate the shortages. We can add this to the long list of reasons bikes and parts are on backorder: unprecedented demand due to COVID, increased tariffs and new hurdles due to Brexit, and much more.
While we didn’t need a gaffe of this magnitude to remind us we can’t get bike parts, this situation highlights yet another vulnerability in the bike supply chain.
So far, a small fleet of tugboats, dredgers, and other heavy equipment has worked unsuccessfully to free the ship, which was reportedly blown off course by strong winds. There has been no progress. The resulting traffic jam now includes about 150 ships, at least eight of which are carrying live animals. The Ever Given weighs about 200,000 metric tons -- equivalent to more than 14 million mountain bikes, to put it in familiar terms (using 30 lbs / 14 kg as a rough estimated bike weight). A similar recovery effort near a German port in 2016
took nearly a week and 12 tugboats to unf*ck the boat.
And if a major shipping catastrophe in the midst of a global pandemic and widespread economic uncertainty wasn’t enough, the story gets even stranger. In light of the ship’s
NSFW tracklog prior to becoming the world’s largest beached whale, should we have seen this coming?
We have reached out to several major European brands to see if and how this may affect the bike industry. This story will be updated as more information becomes available.
They don't break out the big excavators for anything less than 5 football fields worth of boat.
Which bike company will be first?
www.breitbart.com/middle-east/2021/03/29/suez-canal-almost-clear-as-stranded-ship-partially-refloated
It's making good progress too.
www.youtube.com/watch?v=IGiQOCX9UbM
www.spiegel.de/wirtschaft/vor-havarie-im-suezkanal-kapitaen-der-ever-given-malt-einen-penis-ins-meer-a-f46c15ee-0ed4-4ba4-b4c9-c7d31bd66c07#bild-56f18118-6a55-4315-8cdc-4306d642b732
Have they tried pulling out the cartridge, blowing on it, and re-inserting?
sometimes things go wrong though, and with the Suez and bigger and bigger boats it is more of an oh wow isn't it amazing how infrequently boats crash into the side.
but otherwise at 20,000 massive boats/year and this boat being one quarter of the canal's width, accidents will occur and the rate at which they don't happen is pretty amazing really
More seriously, it's a 70km/h wind blast during a sand storm that "officially" caused that Tetris incident.
Click the link and Zoom Out.
www.vesselfinder.com/?imo=9811000
In all honesty there's a ton of money in maritime industry, but that insurance company might want to get an early start on bankruptcy paperwork.
youtu.be/pND0gn3mi2g
You can pay 8-12% more on these products today!
Yes it will effect parts availablity and cost. We're emailing lots of customers today to warn them that this will impact delivery of some bikes. Not sure at this point by how much, but there's two main issues;
1. This is an evergreen vessel, the main carrier from Taiwan to the world. Which means even if your parts/bike aren't on that ship, it will put their schedules out of whack for a bit. With global capacity stretched to the max, there's in unlikely to be much slack available to evergreen.
2. They're probably going to have to unload it, at least partially. Doing that will mean significant time delays in reopening the canal. In the mean time ships might be able to route round the Cape of good hope, but I'm not sure if the mega container ships like these like the rough seas down there. Even if they can make the passage it will weeks to the transit most likely. In which case again not only does parts take longer, but now capacity is reduced too, so shipping gets more expensive AND slower.
So in essence it sucks. If you're in the EU and expecting an April delivery for a part from Taiwan, don't hold your breath.
Basically the amount of money available * velocity of spending = inflation. Currently we are not experiencing massive inflation, even with a massive increase in money supply because velocity is low and has been dropping. If velocity were to rise right now, then inflation would too.
www.bitchute.com/video/Ya4ihMtRQjmb
www.insider.com/ship-blocking-suez-canal-called-the-ever-given-not-evergreen-2021-3
Evergreen is the company.
Ever Given is the ship.
i.ytimg.com/vi/WPOZbG7ibEE/hqdefault.jpg
Here in North America we shouldn’t have any issues with shortages as we’re in line sight of Asia ... hmmm
I can’t see them doing the world tour before they head to Canada and the USA
Global New Clip
www.youtube.com/watch?v=r87sXLvjGas
Doesn't matter how high you raise the retail price if you can't get the stock.
Try using your imagination.