Which of the following statements is TRUE about the Panama Canal's impact on global supply chains?

The global supply chain network relies heavily on key geographic features that facilitate international trade. One such critical infrastructure is the Panama Canal, which significantly reduces shipping distances between the Atlantic and Pacific Oceans. This poll tests your knowledge about how this geographic marvel impacts global product distribution and supply chain logistics.

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The Panama Canal reduces the voyage between New York and San Francisco by approximately 8,000 nautical miles compared to the route around Cape Horn.
The Panama Canal primarily serves European shipping companies, with Asian logistics firms preferring the Suez Canal for all transoceanic shipping needs.
The Panama Canal's 2016 expansion had minimal impact on global supply chains as it only increased capacity by 10% for container vessels.
Supply chain managers typically avoid Panama Canal routes during peak season due to its fixed toll structure that makes it economically inefficient for bulk cargo.