The shipping industry faced significant challenges in the first half of 2024. The sector is responsible for transporting about 90% of global trade, including large quantities of crude oil, iron ore, ...

So far, the attacks have not led to widespread supply chain chaos. "It's a considerable diversion, you know, adding at least 10 days and transit time," said Chris Hall, the president and CEO of ...

With some 30% of global container traffic passing through the Suez Canal, the Red Sea crisis is having a massive impact on global supply chains. Houthi rebel attacks on cargo ships are driving a ...

The Supply Chain Is Under Strain. As Houthi rebels intensify strikes on vessels headed for the Suez Canal, global shipping prices are soaring, raising fears of product shortages and delays.

Recent analysis shows that supply chain improvements and reduced shipping costs have resulted in more than 80% reduction in inflation in the U.S. economy.

The recent disruptions in the Red Sea are casting long shadows over global maritime logistics, compelling shipping companies to reroute their vessels around the African continent. This significant ...

Many supply chains have become progressively more extensive and interconnected, making them susceptible to disruption and delays and companies will surely keep an eye on how things unfold.” In ...