Showing posts with label impacts of the Red Sea crisis. Show all posts
Showing posts with label impacts of the Red Sea crisis. Show all posts

Monday, March 18, 2024

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

©iStock/PeterHermesFurian
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.