RED SEA/SUEZ CRISIS HITS INTERNATIONAL SHIPPING COSTS FOR TEXTILES AND FIBRE RED SEA/SUEZ CRISIS HITS INTERNATIONAL SHIPPING COSTS FOR TEXTILES AND FIBRE
February 18th, 2024
Disruptions to shipping through the Red Sea is having a negative impact on the international textile supply chain, driving up transportation costs and lead times. However, unless the crisis continues for significantly longer, a geographical shift in textile production is unlikely to happen, experts predict.
“The volatility around the Red Sea/Gulf of Aden region has adversely affected the USD1 trillion global trade in textiles and clothing. The maritime crisis has once again exposed the fragility of global supply chains and imposed a cost burden when the ...
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