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An economic obstruction. So youre not seeing such impact as were here for them any impact for us in more broadly in the region . Very broadly economic impact. We continue to believe that the growth of the apac region excluding china and japan will be 4. 3 up from 4. 0 , so an acceleration of growth in 202a. If you read the report of our Economics Team there is virtually no mention of the red sea as having an economic impact. Certainly it has a Supply Chain Impact in the sense that orders have to be placed earlier and transit times are longer. Its harder to forecast if the time between when you order and when you sell your goods is longer by two to four weeks. In general were not seeing a huge economic disruption in this region. How have they managed to accommodate this or navigate whats been happening over there and being able to mitigate it for the end consumer . The simple answer is capacity. During the pandemic, the ocean carriers ordered a lot of ships. They had a lot of cash on ha

The middle eastAsia business reportSteve laiMartime industryIn the red seaVice president of maritime and trade at s p global market intelligencePeter tirschwellTrade disruptionSupply chain disruption4 04 3Supply chain impactEconomics teamRed seaFreight ratesExcess capacity