Looking at the impacts of the Israel-Hamas conflict on global trade
The ongoing Israel-Palestine conflict is sending ripples through the shipping and maritime industry, leading international companies to issue cautionary advisories and adapt their operations in the region.
The long-term effects of this ongoing dispute could lead to bottlenecks in shipping, increased freight rates, and unpredictable delivery schedules—all of which are likely to significantly increase the cost of doing business in this region. Not only will businesses incur additional costs related to rerouting shipments, but they must also increase security measures during this period of conflict. Increased supply chain costs can also be associated with finding alternative shipping routes and even identifying new suppliers in another part of the world.
