4-minute read
Amidst the ongoing conflict in Gaza and Houthi rebel attacks in the Red Sea, a substantial impact on global shipping is unfolding.
As vessels steer away from the conflict zone, opting for a lengthier journey around Africa to avoid the Suez Canal, freight costs soar, and transit times extend.
4-minute read
The evolving landscape of global business risks is front and centre in the Allianz Risk Barometer 2024, which sheds light on the most pressing challenges faced by companies worldwide.
According to the Allianz recent survey on business risks, the main problems companies are facing worldwide right now are digitalization, climate change, and uncertain global politics.
3-minute read
The International Air Transport Association (IATA) released data for November 2023 global air cargo markets, indicating the strongest year-on-year growth in roughly two years.
This is partly due to weakness in November 2022 but also reflects a fourth consecutive month of strengthening demand for air cargo.
8-minutes to read
The crisis in the Suez Canal is causing significant disruptions in global supply chains, with container ships having to re-route around the Cape of Good Hope to avoid Houthi terrorist threats near the Bab al-Mandab Strait, resulting in a considerable impact on the operational capacity of the global container fleet.