ACTV - Red Sea Rising: The Investor Impact
2024-01-23 07:15:00 ET
Summary
- As 2024 gets underway, global supply chains are facing a new hurdle, as tensions in the Red Sea have caused severe shipping disruptions and delays.
- If this crisis continues, the ongoing impact of rerouting shipping traffic around the Cape of Good Hope will be significant. We’ll likely see weeks-long delays, higher fuel and labor costs, restricted insurance and reinsurance offerings, higher air freight rates, and global supply chain disruption.
- The Red Sea crisis also furthers the secular shift to onshoring in both U.S. and European companies.
While globalization has benefited consumer and commercial establishments for thousands of years, it has begun to slow down in recent years, facing increased backlash as supply chains experience various kinds of disruption....
Red Sea Rising: The Investor Impact