Attacks on ships by Yemens Houthi rebels have caused a surge in costs and lengthy delays Over half of British exporters and manufacturers
Attacks on ships by Yemen’s Houthi rebels have caused a surge in costs and lengthy delays
Over half of British exporters and manufacturers have faced problems due to shipping disruptions in the Red Sea caused by attacks on vessels by Yemen’s Houthi rebels, according to a new survey by the British Chambers of Commerce (BCC).
According to the report, 55% of exporters have reported problems linked to the crisis, as have 53% of manufacturers and business-to-consumer services firms, including retailers and wholesalers. Across all businesses, 37% of the more than 1,000 firms surveyed reported an impact.
Among the major issues faced by businesses were increased delivery costs, with some reporting that the price of shipping a container from Asia to Europe has gone up by as much as 300% over the past several months.
