3 ms·
It's not that simple. For one thing, lead times are long and costs are high so there is a huge risk that your capital will be wasted if costs come down before
by advisedwang 2y ago
It's not that simple.
For one thing, lead times are long and costs are high so there is a huge risk that your capital will be wasted if costs come down before projects are complete.
Secondly not all the bottlenecks can simply have a new entrant. For example, the article cites panama canal constraints as a factor. Launching a competitor to the panama canal requires more than just time and money, it requires political and geographic opportunities.
- retzkek 2y ago> Launching a competitor to the panama canal requires more than just time and money, it requires political and geographic opportunities. Mexico is well on the way with their competitor: https://en.wikipedia.org/wiki/Interoceanic_Corridor_of_the_Isthmus_of_Tehuantepec https://en.wikipedia.org/wiki/Interoceanic_Corridor_of_the_I...