Missile strikes on Iran and retaliatory attacks have put Strait of Hormuz and Bab el Mandeb at risk, threatening key trade routes that are vital for exports to Europe and the US.
Rerouting via the Cape of Good Hope would only add up to 20 days to shipments while pushing up freight and insurance costs.
Amidst rising uncertainty, exporters now fear order delays and cancellations.Missile strikes on Iran and retaliatory attacks have put Strait of Hormuz and Bab el Mandeb at risk, threatening key trade routes that are vital for exports to Europe and the US.
Rerouting via the Cape of Good Hope would only add up to 20 days to shipments while pushing up freight and insurance costs.
Amidst rising uncertainty, exporters now fear order delays and cancellations.
