High Seas Troubles Affect Global Supply Chains, Part One: Security Risks
Enterra Insights
FEBRUARY 20, 2024
As a result, piracy activity dramatically decreased by 75 percent between 2010 and 2022. Journalist Andrew Freedman explains, “Geopolitical risks in the Red Sea and extreme weather in Central America are converging, jostling global supply chains fed by the Suez and Panama Canals.”[3] billion to upwards of $8 billion a year.”[1]
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