Ongoing Red Sea situation is expected to last at least into second half of 2024
February 16, 2024
The ongoing series of attacks on the Red Sea shipping lane by the Yemeni Houthi pirates in response to the ongoing Israel-Palestine conflict continues to resonate within the global supply chain and economy by extension, to be sure. It has elicited no shortage of takeaways and opinions about various related factors, including: its potential duration; impact on rates; and supply chain strategies and contingency plans, among other things.