is also setting up a taskforce to find alternate routes, while ikea is warning of potential product shortages. ryan petersen from the supply chain management company flexport told me more about how the disruption is already impacting businesses. it s just getting started. over the weekend and through today we have had all ten of the top container shipping lines in the world, representing about 95% capacity, have begun to divert vessels to avoid sailing through the red sea and to go around the tip of africa, as you said. it takes about 25% longer to go that way from asia to europe and, well, 25% reduction in supply of shipping, we re going to see huge delays, obviously, but also big price increases because, well, it s a supply and demand and if the supply comes down 25%, one thing we have learned in the last few years is a small destruction and supply can lead to a huge swing in price. indeed. we re seeing an impact on oil prices as well. the united states planning to form an
the day of the attack on the us capitol building. the decision is based on a rarely used provision of the us constitution that bars officials who have engaged in insurrection or rebellion from holding office. the ruling says he s ineligible to appear on next year s ballot because of his role instigating violence against the us government. the ruling only applies to colorado s republican primary ballot, but is on hold pending appeal until next month. the decision came down shortly before mr trump gave a campaign speech in iowa, where the first contest of the 2024 season will take place in less than a month. the former president did not explicitly mention the case, though he has discussed other legal cases against him before on the campaign trail. in a statement, the trump campaign said the court had issued a completely flawed decision, adding they will swiftly file an appeal to the united states supreme court. in a moment we ll hear from one of the lawyers who brought th
begin this hour with some breaking news from the united states. the colorado supreme court is disqualified donald trump at the state presidential election next year. and the us constitution bars mr trump from appearing on the ballot because role in the capital attack that took place injanuary role in the capital attack that took place in january 2021. role in the capital attack that took place injanuary 2021. the applies only to the stated of the republican primary but it likely will have an impact on his chances of winning the general election. the trump campaign is responded by saying that the colorado supreme court issued a completely flawed decision tonight and we will swiftly file an appeal. and we can show you live pictures the us state of iowa and that is where he is expected to speak at a campaign event and you can see his election campaign logo with the supporters gathering their agency and expected to speak shortly and more will be on the story and stay tuned for th
longerjourney around rerouting to take the much longer journey around the southern tip of africa. appliance company electrolux is also setting up a taskforce to find alternate routes while ikea is warning of potential product shortages. rain peterson from the supply chain management company flexible told me more about how the disruption is already impacting businesses. it’s disruption is already impacting businesses. businesses. it s ust getting started. 0ver businesses. it sjust getting started. over the businesses. it sjust getting started. over the weekend | businesses. it sjust getting i started. over the weekend and through today we have had all ten of the top container shipping lanes in the world, representing about 95% capacity, have begun to divert vessels to avoid sailing through the red sea and to go around the tip of africa, as you said. it takes about 25% longer to go that way from asia to europe and, well, 25% reduction in supply of shipping, we re going t
appliance company electrolux is setting up a task force to find alternative routes while ikea is warning of potential product shortages. ryan petersen from the supply chain management company flexport told me more about how the disruption is already impacting business. it s just getting started, but over the weekend and through today, we ve had all ten of the top container shipping lines in the world represented about 95% capacity have begun delivered vessels to avoid salem to the red sea and to go around the tip of africa, as you said. it takes about 25% longer to go that way, from asia to europe, and it went reduction in the supply of shipping, we are going to see huge delays, obviously, but also big price increases, because its supply and demand, and if the supply comes down .5%, one thing we ve learned last few years is a small disruption in supply can lead to a huge swing in price. indeed, we are seeing an impact on oil prices as well there. the united states planning to