How the Red Sea crisis could impact UK retail

Freight companies with retail stock onboard have had to reroute away from the Suez Canal due to a rebel group aligned with Hamas actively targeting ships. As one of the biggest risk factors for the year ahead, here’s how the crisis may affect businesses

Earlier this month, Next experienced supply chain delays on the Red Sea, citing “difficulties with access to the Suez Canal”. The retailer, along with other big-brand names on the high street like Poundland, fear that it may be one of the main risk factors for the year ahead, alongside the weakening employment market and higher mortgage rates.  

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