Jan 4, 2024
Next warns of supply delays due to Red Sea shipping attacks
Next has warned supplies of its products could be delayed if disruption to shipping in the Red Sea continues. Attacks by Houthi rebels on vessels in one of the world's busiest shipping lanes have resulted in firms avoiding the area and taking longer routes. Next is not the first company to warn of issues in receiving goods and products, with global supply chains facing disruption as a result of the world's biggest shipping companies diverting journeys away from the Red Sea. The Houthi group has declared its support for Hamas and has said it is targeting ships travelling to Israel, though it is not clear if all the ships that have been attacked have been actually heading to Israel. Because of the attacks and the threat, several container shipping companies have since diverted vessels to a much longer route around Africa's Cape of Good Hope and then up the west side of the continent, leading to shipping delays.
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