Bulletins and News Discussion from September 4th to September 10th, 2023 - You Have Nothing To Lose But Your Supply Chains - COTW: Libya

Image is of container ships waiting outside the canal. While there is usually some number of ships waiting for passage, the number has increased significantly lately.

In order to move ships through the Panama Canal, water is needed to fill the locks. The water comes from freshwater lakes, which are replenished by rainfall. This rainfall hasn't been coming, and Lake Gatun, the largest one, is at near record low levels.

Hundreds of ships are now in a maritime traffic jam, unable to cross the canal quickly. Panama is attempting to conserve water and have reduced the number of transits by 20% per day, among other measures. The Canal's adminstrators have warned that these drought conditions will remain for at least 10 months.

It is unlikely that global supply chains will be catastrophically affected, at least this year. Costs may increase for consumers in the coming months, especially for Christmas, but by and large goods will continue to flow, around South America if need be. Nonetheless, projecting trends over the coming years and decades, you can imagine how this is yet another nudge by climate change towards dramatic economic, environmental, and political impacts on the world at large. It also might prompt discussions inside various governments about nearshoring, and the general vulnerability of global supply chains - especially as the United States tries, bafflingly, to go to war with China.

After some discussion in the last megathread about building knowledge of geopolitics, some of us thought it might be an interesting idea to have a Country of the Week - essentially, I/we choose a country and then people can come in here and chime in with books, essays, longform articles, even stories and anecdotes or rants, related to that country. More detail in this comment.

Here is the map of the Ukraine conflict, courtesy of Wikipedia.

Okay, look, I got a little carried away. Monday's update usually covers the preceding Friday, Saturday, and Sunday, but I went ahead and did all of last week. If people like a more weekly structure then I might try that instead, if not, then I'll go back to the Mon-Wed-Fri schedule.