Flexport CEO Ryan Petersen: Global Shipping and Logistics
"World of DaaS"
Global Trade Impact of Suez Canal Closure and Ship Protection
The closure of the Suez Canal and risks in high-risk areas like Yemen have caused most container ships to reroute, impacting global trade. While French companies and some smaller firms still risk going through dangerous areas, over 90% of ships are avoiding these regions. In the past, piracy in Somalia was a threat, but modern defenses like missiles on ships have deterred attackers, as these missiles cause minimal damage.
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