Houthi attacks on international shipping in the Red Sea are having an impact on global supply chains.
Given 15 percent of global maritime trade volume normally passes through the Suez Canal, disruptions could have a major affect on availability and prices of many goods in the Indo-Pacific.
Shipping companies are already diverting vessels to longer routes via South Africa, which means delays and extra costs.
How long this will go on is uncertain. What is certain is our global supply chains are vulnerable to political upheaval, especially when it occurs at known chokepoints. How we deal with these disruptions will determine if there's any long-term influence on cost-of-living pressures.
360info has commissioned academic experts to write about the impacts of the Houthi blockade.The following articles are available for reuse/republication under Creative Commons 4.0. You may also use them as a resource for ideas and sources, with attribution. Links will direct you to our free digital wire service, 'Newshub'.
Australia's bid to navigate troubled waters in Red Sea
Ferry Jie, Edith Cowan University
Attacks from Houthi rebels in the Red Sea have jeopardised Australia's already-vulnerable dependency on maritime time. Finding new ways forward will be vital.
Britain's tea shortage scare a sign of trouble brewing
Sarah Schiffling, Hanken School of Economics, and Nikolaos Valantasis Kanellos, TU Dublin
The Red Sea supply chain crisis has exposed glaring weaknesses in global transport that pose big questions about how our economy will work moving forward.
Red Sea attacks may have silver lining for Southeast Asia
Andrei O. J. Kwok, Monash University
The Houthi attacks on ships may offer the region a chance to reinvent how it deals with supply chain disruptions.
India’s rice trade at risk in Red Sea attacks
Tridivesh Singh Maini, O.P. Jindal Global University
India’s famed basmati rice variety is among the commodities hit by supply chain disruption caused by the Houthi attacks on the Red Sea.
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