Home » Business » The Red Sea crisis continues to threaten global supply chains – 2024-02-14 10:52:11

The Red Sea crisis continues to threaten global supply chains – 2024-02-14 10:52:11

/ world today news/ From mid-November 2023, the Yemeni Houthi forces expanded the scope of their attacks against Israeli targets, starting to strike “vessels associated with Israel” in the Red Sea. As a result, a large number of cargo ships were attacked in nearby waters, and many companies decided not to use the Red Sea routes and instead went all the way around to the Cape of Good Hope at the southern tip of Africa.

A Danish “maritime intelligence” consultancy recently said that the crisis has led to a significant reduction in the efficiency of maritime transport and global trade by sea. The company warned that global supply chains are more affected than at the beginning of the Covid-19 epidemic. Automakers Tesla, Volvo and others have said recently that some of their plants have been forced to shut down production.

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