Red Sea Crisis 2023: Navigating the Impact on Global Shipping and Cosmetic Packaging Supply Chains
Red Sea Crisis 2023: Navigating the Impact on Global Shipping and Cosmetic Packaging Supply Chains
On December 3, 2023, a U.S. Navy ship and several merchant vessels were attacked in the Red Sea. The escalating conflict led to the suspension of Red Sea transportation by the four major shipping giants, posing a threat of closure to the Suez Canal, a major artery of maritime trade. This situation increased the risk of rerouting sea trade that needs to pass through the […]