Freight Rates Soar Amid Red Sea Disruptions

Freight rates have doubled due to disruptions in the Red Sea, causing significant upheaval in international trade. Shipping companies grapple with the aftermath, impacting the entire supply chain. Manufacturers, retailers, and consumers face concerns over delays and increased costs. The Red Sea disturbances highlight the vulnerability of global trade routes amid geopolitical tensions. Businesses must reassess strategies for a resilient supply chain in the face of unexpected disruptions.