Just when it looked like inflation’s grip on consumers was easing, another obstacle has emerged for both retailers and central bankers: difficulty accessing the Suez Canal.

Supply chain struggles are now back on the agenda. Container ships are being forced to avoid the Red Sea and Suez Canal, the main route for shipments from Asia to Europe and an important one for deliveries to the US East Coast, after Iran-backed Houthi rebels started attacking ships as part of a campaign against Israel. Shipping rates have surged and goods are taking longer to arrive, as containers reroute around the Cape of Good Hope.

QOSHE - Retailers Can Manage Red Sea Shipping Delays — for Now - Andrea Felsted
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Retailers Can Manage Red Sea Shipping Delays — for Now

8 0
12.01.2024

Just when it looked like inflation’s grip on consumers was easing, another obstacle has emerged for both retailers and central bankers: difficulty........

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