The impact of Yemen’s Ansarullah naval operations on the British economy
| A survey by the British Chambers of Commerce shows that the country's exporters have suffered as a result of Yemen's Ansarullah naval operations, and costs have increased due to delays in the delivery of goods. |
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According to a survey by the British Chamber of Commerce (BCC), the cost of shipping from Asia to Europe has increased by up to 300% for some businesses, while freight delays of three to four weeks Delivery time has been extended.
According to the survey participants, in more than 1,000 companies, most of which were small and medium-sized businesses, delays had devastating effects such as problems in cash flow and shortage of parts in lines. has created production.
William Bain, head of trade policy at the group, urged the government to seek support for exporters in next week’s budget amid weak global demand and higher costs.
He said: “Recent [government] data shows that the impact of the problems in the shipping industry has not yet hit the UK economy, but our research suggests that whatever the situation “The longer the current one, the more likely cost pressures will start.”
Bean said it was a “difficult time for companies” as the government’s introduction of new post-Brexit customs checks and procedures for imports from Europe had also “added to costs and delays”.
He further added: “The British economy saw a decrease in the total export of its goods for 2023, and due to the weak global demand, it is necessary for the government to seek support for exporters in “The March budget.”
On average, the cost of shipping goods by sea from China to Europe has more than doubled since December, as shipments must now travel across Africa instead of through the Suez Canal. to go through – a path that takes about two weeks longer.
Supply chain problems are expected to intensify next month. Demand for air freight on this route has now increased as many ships dock for longer periods.
