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War and drought disrupt global supply chain

Author
Newstalk ZB,
Publish Date
Thu, 7 Dec 2023, 8:09AM
Photo / File
Photo / File

War and drought disrupt global supply chain

Author
Newstalk ZB,
Publish Date
Thu, 7 Dec 2023, 8:09AM

Drought and war plaguing the world's main maritime trade routes is disrupting the global supply chain. 

A severe drought around the Panama Canal since June has had ships reroute to the Suez Canal, where congestion is building.  

Combined with attacks in the Red Sea area over the weekend, higher costs and delays are likely on the horizon.  

Custom Brokers and Freight Forwarders Federation chief executive, Sherelle Kennelly told Mike Hosking that the impact this will have on New Zealanders has yet to be determined.  

She says it will drive importers and exporters to build an extra lead time for their cargo.  

What impact that will have on additional costs, Sherelle Kennelly says, is variable right now. 

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