Global Supply Chains Face Critical Disruption as Red Sea Shipping Crisis Intensifies

Advertisement Major global shipping lines are diverting vessels away from the Red Sea. This is due to continued attacks from Houthi militants in Yemen. The situation has created a massive disruption to international trade. According to Reuters, container shipping through the region has plummeted by nearly 90%.The rerouting around Africa’s Cape of Good Hope adds … Continue reading Global Supply Chains Face Critical Disruption as Red Sea Shipping Crisis Intensifies