SHPP - Red Sea Shipping Disruptions' Impact On North American Supply Chains

2024-01-25 04:00:00 ET

Summary

• The termination of shipping via the Suez Canal most directly has an impact on supply chains connecting Asia and Europe.
• The renewable energy and automotive sectors may face challenges as more than half of solar panels and batteries are shipped via the route.
• Uncertain delays for food supplies are particularly pertinent due to spoilage risks.

The termination of shipping via the Suez Canal most directly has an impact on supply chains connecting Asia and Europe. The alternative transit routes incur higher shipping costs and delays of around 10 days for Cape of Good Hope sailings, while the slower round-trip routes may require additional shipping capacity....

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