The strikes are a response to attacks on the Red Sea, adding complexity to the regional conflict originating from Israel's Gaza war.
With that exception, "This [the Red Sea crisis] is the largest single event – even larger than the early pandemic impact," Murphy said.
Sea-Intelligence analyzed current vessel delays compared to delays over the last several years in a report for clients.
A leading ocean supply chain advisory firm is warning that the disruptions to shipping from the Houthi rebel attacks in the Red Sea are already more damaging to the supply chain impact than the early Covid-19 pandemic.
"Threats to Red Sea shipping are a threat to maritime commerce worldwide," said Steve Lamar, CEO of the American Apparel and Footwear Association.
Persons:
Luis Boza, Alan Murphy, Murphy, Hope, Steve Lamar
Organizations:
Getty, Intelligence, MSC, Volvo, Michelin, Ikea, American Apparel and Footwear Association, Logistics, CNBC
Locations:
Lisbon, Portugal, U.S, Yemen, Red, Gaza, Suez, Good Hope, Europe, United States, Asia