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is also setting up a taskforce to find alternate routes, while ikea is warning of potential product shortages. ryan petersen from the supply chain management company flexport told me more about how the disruption is already impacting businesses. its just getting started. over the weekend and through today we have had all ten of the top container shipping lines in the world, representing about 95% capacity, have begun to divert vessels to avoid sailing through the red sea and to go arou...

longerjourney around rerouting to take the much longer journey around the southern tip of africa. appliance company electrolux is also setting up a taskforce to find alternate routes while ikea is warning of potential product shortages. rain peterson from the supply chain management company flexible told me more about how the disruption is already impacting businesses. it’s disruption is already impacting businesses.— businesses. its ust getting started. 0ver_ businesses. itsjust g...

routes in the area. there have been concerned the israel — hamas would widespread the region. these are two of the worlds biggest choke points. the situation has come to a head because two big shipping companies, maersk, the container company and hapag lloyd another big shipping container company have both announced that they would stop sending shipping through the babar el—mandeh strip. you have to make a longer passage through the cape of good hope, this might add nine days or si...

israel — hamas wore widespread the region. heres our business reporter david waddell. the situation has come to a head because two big shipping companies, maersk, the container company and hapag lloyd another big shipping container company have both announced that they would stop sending shipping through the babar el—mandeh strip. illjust show you where that is. it is at the south side of the red sea. and at the north side of the red sea, we have the suez canal. these are two of th...

havoc to global trade. speaking in bahrain, the us defense secretary lloyd austin said participating countries include the united kingdom, bahrain, canada, france, italy and spain, among others. this is notjust a us issue, this is an international problem and it deserves an international response. and thats why im convening a meeting tomorrow, a ministerial meeting, with fellow ministers in the region and beyond to address this threat. for more on what the shipping disruption might mea...

business reporter david waddell. lets have a look at the geography of the situation. right here is the bab al—mandab strait. its right next to yemen, from where those houthi attacks originated. its at the southern end of the red sea. at the northern end is the suez canal. now, ships cannot pass through the suez canal from the south without first passing through this choke point. a couple of days ago, the maersk shipping container company and hapag—lloyd both announced they wouldnt ...

speaking in bahrain, the us defense secretary lloyd austin said participating countries will include the united kingdom, bahrain, canada, france, italy and spain, among others. this is notjust a us issue, this is an international problem and it deserves an international response. and thats why im convening a meeting tomorrow, a ministerial meeting, with fellow ministers in the region and beyond to address this threat. for exactly what this shipping disruption might mean for the global ...

shipping companies may ask and halfback lloyd, another big shipping container company, have both announced they would stop sending shipping through the strait. ill show you where thatis the strait. ill show you where that is — so its here, at the south side of the red sea, and at the north side of the rest see, we have the suez canal. thats red sea. these are two of the worlds biggest choke if anything, it halts shipping. making its way through to india or europe, or the unit states,...

there have been concerned that the israel—hamas would spread the region. heres our business reporter david waddell. the southern end of the red sea, the northern end of the suez canal. you cant get through the suez canal unless you make your way through this chokepoint. two companies have announced they will make that acid. one is the shipping container company maersk and the other is hapag lloyd. you need to make this much longer passage around the cape of good hope in south africa....

volatile fuel and energy prices and the numbers remain higher things to persistently high housing costs. combating inflation, higher interest rates make it more expensive to borrow money and that is supposed to attempt on spending which should pay runaway prices. president biden prays the data is good news and called on corporations to pass savings on to consumers and press return to normal, that means hoarding interest rates steady and as of the expected to do on wednesday. what inves...