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By bypassing the Red Sea, ships will be forced to travel thousands of extra miles to reach their destinations, causing delays and inflating prices, particularly for oil and gas, experts told McClatchy News.
Global shippers are grappling with a spike in costs as some ships are forced to take lengthy diversions to avoid disruptions at the Suez and Panama canals.
The world’s top appliance maker is the latest company to act after recent attacks on vessels forced leading shipping companies including Maersk to reroute around the Cape of Good Hope to avoid the Suez Canal
They are exploring alternative routes to avoid the region where the Houthi militant group is actively targeting vessels.
Electrolux, the world's largest appliance company, sets up a task force to find alternative routes or identify priority deliveries