This episode of The Weekly Tradecast looks at the impact on shipping, supply chains and trade from insecurity in the Red Sea with Jan Hoffman, head of UNCTAD's trade logistics branch.
About 80% of the world’s goods move by sea. But escalating attacks by Houthi rebels on ships passing through the narrow waters towards the Suez Canal have disrupted shipping routes and raised geopolitical tensions.
Red Sea shipping lanes carry around 15% of global trade but many ships have been diverted. UNCTAD estimates the trade volume going through the Suez Canal fell 42% over the last two months.
Without the Red Sea shortcut, longer routes between Asia and Europe add significant time and cost to shipments. That's fuelling fears of more shocks to the economy – with inflation still high and supply chains still shaky after disruptions during the pandemic.
Tune in to UNCTAD's Jan Hoffmann to find out more about the Red Sea disruptions and other threats to maritime trade from clogged shipping lanes and climate change.
54. How green is green? Why we need more scrutiny to ensure sustainable investment really helps our planet
53. World Investment Report 2023: Weak FDI threatens clean energy transition and development goals
52. Greener getaways: Why sustainability is the ticket for tourists, countries and the travel industry
51. Credit crunch: Why we need an effective global system to deal with debt
50. The rise of the machines: What does AI mean for our jobs, privacy and humanity?
49. Global energy crisis: Prices may be cooling but more volatility is in the pipeline
48. Pollution solution: How plastic substitutes can help economies and the planet
47. History of hunger: How the war in Ukraine is making food crises even worse in Africa and least developed countries
46. Sweet spot: How honey can help economies, the environment and the bees
45. The future of energy: What’s the right mix for the economy and our planet?
44. All things being equal: Changing the rules around big data
43. Jobs in jeopardy? What a recession means for workers
42. Capitalizing on creativity: How imagination can support sustainable development
41. Banking on it: How safe is our financial system and should we fear another crisis?
40. Double whammy of debt: Why austerity measures multiply financial inequality for women
39. History in the making: Where has 100 years of multilateralism got us?
38. Ecosystems in peril: Why our future depends on protecting biodiversity
37. Going green: How technology offers development and climate benefits
36. Women’s Day: Closing the gender and technology divides to boost development
35. Greener growth: Why least developed countries must act fast to achieve sustainable development
Create your
podcast in
minutes
It is Free
Jim & Bill (It‘s Another Day)
HauntingLive
Dr. Paul’s Worldviews
The Ben Shapiro Show
Morning Wire