Red Sea – The Logistics Point

How The Red Sea Disruption Is Affecting Industry

March 30, 2024Nikolay Bozhilov

By Andrew Thompson, CEO of Cleveland Containers With several big shipping companies diverting their routes away from the Red Sea due to current conflicts, the delivery of shipping containers and consumer goods is taking longer than usual. More on the Read Sea here! As a result of the ongoing Israel-Hamas war, the Houthi group in Yemen […]

Red Sea attacks drive transportation costs to a 15 month high, but no panic yet

February 13, 2024Nikolay Bozhilov

The GEP Global Supply Chain Volatility Index — a leading indicator tracking demand conditions, shortages, transportation costs, inventories and backlogs based on a monthly survey of 27,000 businesses — rose to -0.12 in January, from -0.44 in December, its highest level since last April, indicating that spare capacity across global supply chains has shrunk notably. More from […]

Red Sea crisis leads to inventory problems & raw material shortages

January 24, 2024Nikolay BozhilovLeave a Comment

Towards the end of 2023, following the commencement of the Israel-Hamas war, the Yemen-based Houthi group launched several attacks on commercial ships at the southern end of the Red Sea. These attacks have escalated since November 2023 and continued into the new year, representing a major concern for global trade as 10-15 per cent of […]

Tips for the Red Sea Crisis

January 17, 2024January 19, 2024Nikolay BozhilovLeave a Comment

By Mike DeAngelis, Head of International Solutions, FourKites The recent attacks in the Red Sea have created waves across the global shipping industry, with implications for international trade, the economy and consumers worldwide. Here’s an overview of the situation and potential impacts on global shipping in the first half of 2024. What You Can Do […]

Global transport costs to increase due to Red Sea Crisis

January 16, 2024January 16, 2024Nikolay Bozhilov

‘With trading vessels being targeted in the Red Sea, the cost of transporting goods globally will increase and inevitably trickle down to the end consumer,’ Nicole Hudson, Director at e2open, told The Logistics Point. 30% of global container traffic flows through the Suez Canal, as such it’s inevitable that businesses and consumers will have to deal with rising […]

How the Red Sea crisis is affecting logistics & supply chain operations

January 15, 2024January 16, 2024Nikolay Bozhilov

The impacts from the Red Sea situation can range from delays in affected goods reaching store shelves (or front doors) to increases in costs due to transportation-related increases being passed along to consumers. “Contingency plans like increasing use of air freight may be necessary for suppliers who now face being weeks behind schedule. Suppliers will […]