Wall Street Journal MEMPHIS, Tenn. (Youdle) - Hold onto your wallets, because the Panama Canal, responsible for a staggering 55% of all products coming to America from Asia, is experiencing historic supply chain bottlenecks according to a new Wall Street Journal special report . This slowdown could send shockwaves through your everyday life, from gasoline prices to the cherished traditions of Thanksgiving and Christmas. The Panama Canal's Critical Role The Panama Canal has been a linchpin of international commerce since it opened in 1914. The shortcut drastically saves vessels travel distances, cost and time around the southern tip of South America, which ultimately saves you money. The Water Crisis Unveiled The Panama Canal relies on a complex system of locks and reservoirs to manage the water levels necessary for its operation. However, climate change, deforestation, and increasing demand for freshwater have led to a historic decline in water levels, leading to a significant su...
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