Red Sea Attacks by Yemen’s Houthi Fighters: Impact on Global Trade

Attacks by Yemen’s Houthi rebels in the Red Sea have disrupted international trade, forcing shipping companies to reroute vessels and causing major disruptions in companies’ supply chains. This has impacted various industries, including automotive, energy, logistics, retailers, and others, leading to delays in production, increased freight rates, and higher transport costs. Companies are adjusting routes, activating mitigation plans, and seeking alternative delivery methods to cope with the ongoing disruptions.