As the conflict in Yemen drags on and tensions rise between regional powers, maritime traffic in the Red Sea faces increased unpredictability and danger. More than 10% of global trade every year passes through this strategic waterway connecting Europe and Asia, according to reports in The Guardian.
For beneficial cargo owners and freight forwarders, uncertainty in the region raises challenges for efficient and secure supply chain planning. Unexpected route changes or delays can disrupt just-in-time deliveries and budgets. Safety concerns also loom large.
At IQAX, we are monitoring the impact of the crisis on the Red Sea daily, along with the related congestion along the Panama Canal. We analyse multisource data using big data and digital twin technologies to generate predictive insights that help reduce risk exposure for our customers.
Our Red Sea Tension Impact Analysis Report provides statistics including the number of vessels under monitoring at the Suez Canal, and those that changed course via Cape Town. This allows shippers and non-vessel operating common carriers (NVOs) to proactively adjust their shipment plans, make changes to downstream logistics or update their customers.
Contact us at email@example.com today to get a daily analysis report to help your organization navigate the challenges in the Red Sea corridor.