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Podcast: globalEDGE Blog Podcast
Episode: Small businesses in the South China Sea are Facing Hardship
Description: Some of the most valuable shipping routes in the world are in the South China Sea, which is 1.4 million square miles in size. Developing conflicts in the South China Sea are having a significant impact on small businesses. Their location, industry, and reliance on the geographical region for business all influence how much of an effect they have. Around 80% of global trade is carried by sea, and estimates of the volume carried through the South China Sea range from 20% to 33%.Â
Supply chain disruptions affect small firms that depend on products and raw materials from the South China Sea region. Conflicts t...