Escalating Emissions: How Red Sea Disruptions Are Driving Up Carbon Emissions
Published: Tue 28 May 2024, 2:33 PM Last updated: Tue 28 May 2024, 2:34 PM
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Published: Tue 28 May 2024, 2:33 PM Last updated: Tue 28 May 2024, 2:34 PM
Many companies had already revamped their supply chains as they navigated COVID-19 disruptions, extreme weather risks, trade protectionism that forced them to change suppliers, and rising freight costs.
A surge of attacks on ships traveling the waters of the Red Sea is forcing shippers to reroute their vessels, sending them on longer journeys that drive up their carbon dioxide emissions. ...
Recent attacks on ships in the Red Sea have forced rerouted journeys, leading to increased carbon dioxide emissions and longer transit times. These disruptions add to the challenges companies face in lowering their climate impact amid evolving supply chain issues from COVID-19, extreme weather, and global trade shifts.
Carrying more stock, switching to suppliers nearer to consumers and reducing dependence on China are tactics European and U.S. retailers used to build more...