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Supply Chains in Crisis: Page 74

Two Cargo Ships Attacked by Houthis in Red Sea

Both December 15 attacks, one missile-based and the other drone-based, came from a part of Yemen controlled by the Houthi rebel movement.

Photo: iStock.com/SHansche

Supply Chain Security Breaches Increased in 2023

The mean number of supply chain breaches increased from 3.29 incidents in 2022 to 4.16 incidents in 2023, a 26% rise.

Image: iStock.com/Thapana Onphalai

Houthi Rebels Strike Norwegian Tanker with Missile

Houthi spokesperson Yahya Saree said that the ship was targeted December 11 after its crew failed to respond to warnings.

Photo: iStock.com/Dikuch

Merck Navigates Chip Geopolitics With ‘China For China’ Strategy

The German company adopted the “China for China” strategy in 2018 to meet surging demand for its LCD panels there.

Kai Beckmann, chief executive officer of Merck’s electronics business. Photo: Bloomberg

Grounded Dark-Fleet Oil Tanker Gets Cargo Removed Near Indonesia

A so-called dark fleet of tankers like the Liberty, which already existed before Russia invaded Ukraine, has ballooned since.

Cameroon is deemed “very high risk” as a ship registry by authorities. Photo: iStock.com/NatanaelGinting

Wild Coffee Market Pushes Trader Mercon Into Bankruptcy

CEO Oscar Sevilla said in a December 6 letter to clients seen by Bloomberg News that “the macroeconomic factors working against Mercon have persisted for longer than expected."

Photo: Marlene Awaad/Bloomberg

Arrest Made in London Following Sale of Unapproved Engine Parts

The arrest and seizure of materials took place during a raid in London, the U.K. Serious Fraud Offices said December 6.

Photo: iStock.com/kabantsev

Israeli Ships Reroute to Avoid Houthi Attacks

Ships have begun diverting from passage through the Suez Canal, instead sailing around the Cape of Good Hope, clocking up 7,000 extra nautical miles.

Haifa, Israel. Photo: iStock.com/Kateryna Mashkevych

Panama Chaos Grows as U.S. Diesel Shippers Bypass Canal

In the past, such delays tended to be related to maintenance work, and, as such, were mostly short-lived, but there is little relief in sight in the months ahead.

Photo: iStock.com/Federico Barbieri

U.S. Sales of Toys and Games Down Through 2023

Toy and game imports have fallen sharply in 2023 while sales at toy stores, department stores and other gift outlets were down in October.

Photo: iStock.com/SViktoria

The Panama Canal Is So Backed Up Ships Are Rerouting Through the Suez

It’s unlikely that the Panama canal will be able to increase traffic until the rainy season starts in mid-2024, according to experts.

Suez Canal. Photo: iStock.com/IgorSPb

Attackers Who Held Israel-Linked Tanker Seized by U.S. Navy

The Houthis have promised to target Israel over its war against Hamas in the Gaza Strip, declaring themselves part of an "axis of resistance" of Iran-affiliated groups.

A U.S. warship. Photo: iStock.com/3DSculptor

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