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
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. 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. are small disruption in supply c
nick, mike, great work and congratulations to your parents. merry christmas to you. rachel: third hour of fox and friends starts now. lawrence: fox news alert, the house voted for an impeachment inquiry. steve: his son hunter biden could be held in contempt of congress for skipping a closed-door deposition yesterday on capitol hill. hillary vaughn was chasing hunter biden yesterday. hunter biden could be facing jail time. he was not a no-show, he did show up on capitol hill, but he ditched the deposition and made his case to the press. in the depths of my addiction, i was irresponsible with my finances, but to suggest that is grounds for impeachment inquiry is groabsurd. there is no evidence to point to my father being financially involved in my business because it did not happen. hunter did not want to take questions behind closed doors. he wouldn take our questions either out in the open on camera. mr. biden, was it worth it trying to sell the family name?