Reported about 1 year ago
Houthi attacks on vessels in the Red Sea continue to disrupt the chemical industry's supply chain, impacting Europe and Asia with rearranged shipping routes and increased container rates. The attacks have caused delays and supply chain disruptions for chemical companies worldwide, leading to higher prices and less availability of products for consumers. While the U.S. is somewhat insulated, it still faces impacts from higher shipping rates and delays. The disruptions are expected to continue, affecting global trade and chemical production.
Source: YAHOO