Monday, March 18, 2024

Today in Global Small Business: Why Are the Houthis Attacking the Red Sea Ships?

What's affecting me, my clients, my colleagues and other global small business owners:

  • Why are the Houthis attacking the Red Sea ships.
  • The Red Sea shipping crisis:  lessons for importers.
  • The impacts of the Red Sea crisis.
  • Quote of the week:  "What’s happened right now is short-term chaos, and chaos leads to increased costs,” says Ryan Petersen, CEO of the supply chain management company Flexport. “Every ship that gets rerouted has 10,000 containers on it.  It’s a lot of emails and phone calls getting made to replan each of those container journeys.”
  • Many companies are impacted by the Red Sea conflict, including the arts.
  • How the shipping industry is dealing with the tensions in the Red Sea.

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