Revenue Agenda
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Revenue Agenda
No Result
View All Result
Home Editor's Pick

Ikea says products will be delayed due to Red Sea diversions

by
December 22, 2023
in Editor's Pick
0
Ikea says products will be delayed due to Red Sea diversions
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Ikea warned of delays on some products due to the mass diversion of shipping containers from the Red Sea over safety concerns.

“The situation in the Suez Canal will result in delays and may cause availability constraints for certain IKEA products,” a spokesperson said by email Thursday.

They added that the safety of staff working in its supply chain was its priority, and it was evaluating other options to secure the availability of products. Ikea does not have its own container vessels but uses external operators.

At least $80 billion worth of cargo has already been diverted from the waterway which provides access to Egypt’s Suez Canal, the quickest passage between Europe and Asia, due to a wave of drone and missile attacks by Yemen-based Houthi militants.

Sweden’s Electrolux, the world’s largest appliance company, has set up a task force to find alternative routes and identify priority deliveries, Reuters reported.

Shipping giants Maersk, Hapag-Lloyd and CMA CGM are among those to have confirmed this week they will begin diverting ships already in transit around the longer Cape of Good Hope route along the south of Africa as the attacks continue.

Clerc added that it was unclear how quickly firms would see the impact from a new U.S.-led task force, which is seeing advanced air-defense military ships from countries including the U.K. and Italy head to the area.

Europe is set to have the biggest impact from the delays due to its strong trade ties with Asia, and because cargo bound for the Americas can travel via the Pacific.

This post appeared first on NBC NEWS
Previous Post

Top political courtroom moments of 2023

Next Post

Consumer confidence pops in the last month of a year that dodged recession forecasts

Next Post
Consumer confidence pops in the last month of a year that dodged recession forecasts

Consumer confidence pops in the last month of a year that dodged recession forecasts

  • Trending
  • Comments
  • Latest
Top 10 Potash Countries by Production (Updated 2024)

Top 10 Potash Countries by Production (Updated 2024)

August 21, 2024
Top 10 Phosphate Countries by Production (Updated 2024)

Top 10 Phosphate Countries by Production (Updated 2024)

August 1, 2024
Top 10 Cobalt Producers by Country (Updated 2024)

Top 10 Cobalt Producers by Country (Updated 2024)

September 19, 2024
Sen. Peter Welch says Israel ground invasion would ‘exacerbate’ conditions in Gaza: ‘Grave concerns’

Sen. Peter Welch says Israel ground invasion would ‘exacerbate’ conditions in Gaza: ‘Grave concerns’

October 24, 2023
Juggernaut Exploration

Juggernaut Exploration

0
New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

0

Pennsylvania House clears tax credits for new teachers, nurses, police officers

0
Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

0
Juggernaut Exploration

Juggernaut Exploration

June 14, 2025
Skyharbour Resources

Skyharbour Resources

June 14, 2025
LaFleur Minerals

LaFleur Minerals

June 14, 2025
Grande Portage Closes Non-Brokered Private Placement Pursuant to the Listed Issuer Financing Exemption

Grande Portage Closes Non-Brokered Private Placement Pursuant to the Listed Issuer Financing Exemption

June 14, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

Error: Contact form not found.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Recent News

Juggernaut Exploration

Juggernaut Exploration

June 14, 2025
Skyharbour Resources

Skyharbour Resources

June 14, 2025
LaFleur Minerals

LaFleur Minerals

June 14, 2025
Grande Portage Closes Non-Brokered Private Placement Pursuant to the Listed Issuer Financing Exemption

Grande Portage Closes Non-Brokered Private Placement Pursuant to the Listed Issuer Financing Exemption

June 14, 2025
  • About us
  • Privacy Policy
  • Terms & Conditions
  • About us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 revenueagenda.com | All Rights Reserved

No Result
View All Result
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy

Copyright © 2025 revenueagenda.com | All Rights Reserved