The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Business

Ikea says products will be delayed due to Red Sea diversions

by admin December 22, 2023
December 22, 2023
Ikea says products will be delayed due to Red Sea diversions

Ikea warned of delays on some products due to the mass diversion of shipping containers from the Red Sea over safety concerns.

“The situation in the Suez Canal will result in delays and may cause availability constraints for certain IKEA products,” a spokesperson said by email Thursday.

They added that the safety of staff working in its supply chain was its priority, and it was evaluating other options to secure the availability of products. Ikea does not have its own container vessels but uses external operators.

At least $80 billion worth of cargo has already been diverted from the waterway which provides access to Egypt’s Suez Canal, the quickest passage between Europe and Asia, due to a wave of drone and missile attacks by Yemen-based Houthi militants.

Sweden’s Electrolux, the world’s largest appliance company, has set up a task force to find alternative routes and identify priority deliveries, Reuters reported.

Shipping giants Maersk, Hapag-Lloyd and CMA CGM are among those to have confirmed this week they will begin diverting ships already in transit around the longer Cape of Good Hope route along the south of Africa as the attacks continue.

Clerc added that it was unclear how quickly firms would see the impact from a new U.S.-led task force, which is seeing advanced air-defense military ships from countries including the U.K. and Italy head to the area.

Europe is set to have the biggest impact from the delays due to its strong trade ties with Asia, and because cargo bound for the Americas can travel via the Pacific.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
India suspends 141 lawmakers as ruling BJP accused of stifling opposition
next post
Honda recalls thousands of hybrids over electrical issue that could lead to fires

Related Posts

Elon Musk’s politics are hurting Tesla, 85% say...

March 14, 2025

Traders see the odds of a Fed rate...

July 18, 2024

Dave & Buster’s plan to allow betting on...

May 7, 2024

July 4 travel hitting a record thanks to...

July 5, 2024

Nvidia overtakes Apple as world’s most valuable company

October 29, 2024

Home Depot expects sales to weaken as consumers...

August 15, 2024

Boeing would avoid guilty plea, prosecution over 737...

May 17, 2025

Dow tumbles more than 600 points after weak...

August 6, 2024

Free cash programs spread as more cities expand...

April 15, 2024

How Trump could spare Biden’s renewable energy credits...

December 20, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,540)
    • Investing (4,065)
    • Politics (5,406)
    • World (4,762)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 TheInvestmentWhisperer.com | All Rights Reserved