Global Economy Girds for Latest Supply Jolt in Suez Mess

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    Greensea Systems
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    By Brendan Murray and Bryce Baschuk (Bloomberg) –

    Six thousand miles from the Suez Canal in the U.S. Midwest, the chief executive of a multinational maker of industrial adhesives has one eye on the clogged trade artery and another on the ways to minimize the fallout on his $2.8 billion company.

    “It just adds to the ongoing stress in the supply chain” for chemicals, Jim Owens, president and CEO of St. Paul, Minnesota-based H.B. Fuller Co., told Wall Street analysts as salvage crews failed to clear the Egyptian waterway late last week. “Is it going to transform everything in a negative way? No, but it’s an issue that we’re watching very carefully.”

    So is the rest of the trade world. Efforts to Read more by visiting gCaptain.

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