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Sectors most exposed to disruption from Red Sea attacks

Global companies are dealing with rising supply logjams due to ongoing attacks by Iran-backed Yemeni Houthi militants in the Red Sea which have disrupted the flow of shipments through the key Suez.

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Red Sea crisis forces Michelin to halt output in Spain next weekend

Four factories in Spain owned by French tyre maker Michelin are planning to halt output again on the weekend of Jan. 20-21 due to delays in the delivery of raw materials caused by the crisis in the Red Sea, the company's Spanish subsidiary said on Tuesday. The United States and Britain launched a series of strikes on Yemen last week, aimed at the Iran-backed Houthi militia, whose attacks on international shipping have disrupted one of the world's most important routes since December. Michelin had already suspended work shifts at its Spanish plants on the weekend of Jan. 13-14 due to longer delivery times of raw materials it needs to produce rubber and that are delivered by sea from Asia, the company told Reuters.

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Red Sea crisis forces Michelin to halt output in Spain next weekend

Red Sea crisis forces Michelin to halt output in Spain next weekend
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Target seeing some disruption of India supplies due to Red Sea crisis

U.S. retailer Target is experiencing some disruptions of shipments from India and Pakistan, a big region for apparel manufacturing, due to the crisis in the Red Sea, a source familiar with the matter.

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Red Sea crisis forces Michelin to halt output in Spain next weekend

Four factories in Spain owned by French tyre maker Michelin are planning to halt output again on the weekend of Jan. 20-21 due to delays in the delivery of raw materials caused by the crisis in the Red Sea, the company's Spanish subsidiary said on Tuesday. Read more at straitstimes.com.

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