Two out of three corporations are facing the impact of the catastrophic crisis in the Red Sea caused by rebels’ attacks, with a sharp reduction in ship transit via the Suez Canal, which normally transports 12% of global freight traffic. The data comes from a Confcommercio Milano poll that included responses from 323 companies. The poll drew responses from companies of all sizes. 66 % of organizations, or two out of every three, have reported the problem. The issues are primarily related to delivery delays (29%), increases in the cost of raw materials (26%), goods sold (21%), and supply constraints. The most interested businesses also reported a 5% decline in exports. 38% of the companies that responded to the survey specifically conduct import/export activities.
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