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Global Supply Chain Crisis Worsens After Key Port Strike
A week-long strike at Port of Singapore, the world’s second-busiest shipping hub, has escalated global supply chain disruptions, delaying everything from electronics to pharmaceuticals.
Over 10,000 workers demand higher wages amid inflation, paralyzing 30% of cargo operations. Analysts warn this could spike holiday season prices, with Toyota and Apple already reporting production slowdowns.
"This is a perfect storm," said trade expert Raj Patel. "Post-pandemic demand, labor shortages, and now strikes—we’re nearing a breaking point."