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Will Red Sea trigger a new supply chain crisis?

Will Red Sea trigger a new supply chain crisis?
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Will Red Sea trigger a new supply chain crisis?

Will Red Sea trigger a new supply chain crisis?
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Will Red Sea trigger a new supply chain crisis?

Will Red Sea trigger a new supply chain crisis?
chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.

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World Bank: Red Sea Attacks May Lead to Global Supply Crisis

The World Bank warned of a global crisis in supply chains if attacks by the Iran-backed Houthi militias on vessels in the Red Sea continued for an additional three months, saying it would be a crisis similar to the one the world experienced during the coronavirus pandemic. In its report on the rerouting of ships from the Suez Canal and fears of a new supply chain crisis, the World Bank confirmed that the global container shipping industry will likely absorb the shock to capacity caused by attacks because demand is generally soft in January and February. ....

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Will a prolonged rerouting of ships from Suez trigger a new supply chain crisis?

Major freight carriers, including Maersk and Hapag-Lloyd, have suspended operations through the Suez Canal to avoid the Red Sea and are rerouting vessels around the Cape of Good Hope could trigger a supply-chain crisis like the one that occurred in 2021-22. ....

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