The ship that blocked the Suez Canal for nearly a week in 2021 earned headlines internationally – highlighting both the intricacy of global freight and its integral value to economies worldwide. This one incident alone was estimated to have held up $9 billion in global trade value per day of the blockage.
Global sustainable development consultancy Arup has launched its ‘Future of Goods Movement’ report, which outlines the key drivers of change in global goods movement and explores how the sector needs to anticipate and plan for the likely changes and shifts in the future of freight to ensure the resilience of the global economy and a more sustainable planet.
Energy products made up 36% of global seaborne trade in 2021, and with seaborne trade making up 80% of global freight, this represents a significant portion of the global movement of goods.
Around 80% of the world’s…
