Suez Canal news and archive

Tensions on the Red Sea and in transport: Fashion is one of the most affected sectors

The cost of rent has doubled and transport times have increased considerably. The tensions surrounding the Red Sea in connection with the attacks by the Houthi Rebels are having an impact on the national and European economic system. A survey by the Italian business association Confcommercio has highlighted the impact of the crisis in the Red...

Business

H&M and PVH supply chains could be hit by Suez blockage

When the Ever Given ship was refloated at the end of March its 6-day delay caused a backlog of 370 ships according to Reuters. The congestion will have a rolling effect on supply chains, which may be felt for months to come. Insights from S&P Global suggest U.S. East Coast imports from western India, Sri Lanka, Pakistan and the Middle East are...