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Odd Lots
Attacks in the Red Sea Are Reconfiguring Global Trade Again
Jan 4, 2024
Craig Fuller, Founder and CEO of FreightWaves, dives into the impact of Houthi rebel attacks on Red Sea trade routes, forcing global shipping to adapt once again. He discusses the cyclical disruptions in the freight industry and the geopolitical implications of these events. The conversation also touches on the shifting logistics landscape post-pandemic, with a focus on the challenges faced by trucking firms amid fluctuating market dynamics and the balance between technology and human elements in freight brokerage.
55:25
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Quick takeaways
- Recent attacks by Yemen rebels in the Red Sea have disrupted global supply chains and impacted trade and shipping lanes.
- Concerns arise regarding the capacity of the US Navy to protect trade routes amidst geopolitical tensions and increasing protectionism.
Deep dives
Supply chain disruptions due to Yemen rebels in Red Sea
Supply chain disruptions have reemerged due to attacks by Yemen rebels in the Red Sea, impacting trade and shipping lanes. Container rates have started to increase, causing concerns and impacting the availability of shipping routes. The attacks involve the use of missiles and military-grade technology, posing a new challenge to global trade. The disruptions primarily affect container flows, with products from Asia, specifically China, being shipped to Europe. Alternative routes such as going around South Africa increase costs and lead times.
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