The month-long U.S.-Israeli military campaign against Iran has triggered the most severe disruption to global maritime trade in modern history. Three overlapping crises — the near-closure of the Strait of Hormuz, a renewed Houthi threat in the Red Sea, and a historic oil price spike — are converging to reshape the economics and logistics of international shipping.
The pandemic didn’t just disrupt consumer behavior, it also sparked a major disruption in manufacturing, shipping, and all aspects of getting new products to market in a cost-effective and timely way. So, how have things changed, and what’s the outlook for the future? The pandemic has brought attention to how interconnected global supply chains are, and how disruptions in one country or with one s...