【Logistics News】 How the Ongoing Red Sea Crisis is Disrupting Global Supply Chains

The Red Sea crisis is still affecting the international shipping market, causing significant challenges to global logistics and supply chains. Container shipping costs from Korea to Europe rose more than 70% in January amid escalating tensions in the Red Sea. Analysts noted that the Red Sea crisis caused delays of at least three weeks for ships, which undoubtedly harmed South Korea’s exports.

The Rubymar, a cargo ship owned

For a better supply chain plan, it is recommended to plan extra lead time and costs for your global supply procurement. FreightAmigo is a full-service, one-stop digital supply chain finance platform that offers solutions to help you respond flexibly to the escalating impact of the Red Sea crisis. Talk to FreightAmigo to see how we can help with your needs.

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