₦airaland Forum

Previous thread: https://www.nairaland.com/6477834/suez-canal-beached-whale-ship

Companies Consider Alternative Routes, Assess Costs as Suez Canal Blockage Continues

European and international companies are bracing for possible rising costs and growing supply-chain complications as the blockage of the Suez Canal heads into a fourth day amid signs of still longer backlogs.

Retail and manufacturing importers are watching for delays in their supply chains that already are strained by global disruptions, and some are considering alternative routes, including sending goods using pricier airfreight or on ships sailing around Africa, which could stretch out deliveries by as long as two weeks.

“We are keeping an eye on the situation,” a spokesman for Dutch brewing giant Heineken NV said, adding that a few of the company’s containers are delayed. “We feel comfortable for now with the contingencies we have in place,” the spokesman said.

The companies are tracking the growing backlog at the Suez Canal as authorities there struggle to refloat the Ever Given, a 1,300-foot ship operated by Taiwan-based Evergreen Group that got stuck in the canal.

The Suez Canal backup mostly won’t affect big U.S. retailers directly, but European companies will see a hit in an already tight shipping market, said Chris Sultemeier, a former executive vice president of logistics for Walmart Inc., the largest importer and retailer in the U.S.

“The Suez is primarily used for Asia to Europe traffic, so from a consumer goods, retailer standpoint it will have a dramatic effect on Europe,” he said.

High-end motorcycle maker Ducati Motor Holding SpA, which manufactures its bikes in Bologna, Italy, and exports globally, said finished products heading to Asia passing through the canal aren’t likely to reach customers on time.

So far, there hasn’t been an impact on Ducati’s production. But Chief Executive Claudio Domenicali said supply disruptions from transport difficulties in recent months are among the biggest threats to the company’s recovery since the second half of 2020. “It’s a bit worse than it was last year,” Mr. Domenicali said.

A Ducati spokeswoman said that the company, owned by German car maker Audi AG, would arrange alternative transportation, including pricier airfreight, should delays at the Suez Canal threaten the import of parts needed for production.

https://www.wsj.com/articles/companies-consider-alternative-routes-assess-costs-as-suez-canal-blockage-continues-11616693465

This matter still dey ground, i think say white people get all the answers?

I was shocked when I saw the news on CNN

I'm still yet to understand why it is so difficult to remove that ship from the canal and how it got stuck in the first place.

Alternative route is the best option. Check out my signature if you want to go into export business and make it.

Hmm

Long journey but.. Better than the uncertainty on that Canal

Ok

Somalia pirates right now....


[img]https://media./images/fc60d29b491774d6addabd1a2292cc16/tenor.gif[/img]

Ok

Very Good Development......

SmartPolician:

I was shocked when I saw the news on CNN

since trump left CNN as become IDP

What if the blockage where delibrate

Ok

They should go back to how Bartolomeu Diaz and Vasco da Gama did it and how it was before the Suez Canal was constructed.

H

dinocy:
This matter still dey ground, i think say white people get all the answers?

Even the white man will tell you he is not God.

Ok

Unexpected cash bonanza for other African ports!

But, Cape Town is dangerous for ships as it has stormy weather. This is where the Atlantic and Indian Oceans collide - violently so.

On the East Coast there's the threat of piracy along Somalia, and the Gulf of Guinea in West Africa.

So North, East, South and West all have their cons.

tegafej:
I'm still yet to understand why it is so difficult to remove that ship from the canal and how it got stuck in the first place.

Disruption caused by little event like this may eventually plunge the world into economic hardship and famine as predicted in the scriptures.
Event are adding up as signs to watch for those that are wise, economic will be plunge into chaos world over once we start going from pandemic to natural disasters (earthquakes) to blockage of international trade routes etc.

I will keep posting and shouting until the world hears and knows about the suffering of my people.

The hunger, pains and agony of depression.

But because of people without conscience, they have refused to take the story to the front page.

Gov. Bello of Kogi State spent 90 million NGN on just a web application of flowchart.

See story here.

https://www.nairaland.com/6477748/investigation-kogi-govt-spent-n90#100223408


Just like the people of the old, Seun is corrupt and have resorted to taking bribes to support corruption and evil.

MansoryMX:
Somalia pirates right now....


[img]https://media./images/fc60d29b491774d6addabd1a2292cc16/tenor.gif[/img]

I dey tells you. It will be big payday for them now.