Geography
What major shipping route connects the Red Sea to the Mediterranean?
Suez Canal
Recent attacks on ships in this region caused many global shipping companies to temporarily suspend routes.
The Red Sea
About what percentage of global trade travels by sea?
~90%
What term describes how countries rely on each other for trade?
Economic Interdependence
Which region is the Red Sea located between?
Africa and Asia/The Middle East
Rerouting ships around Africa instead of using the Suez Canal typically increases travel time by approximately this amount.
9 days
How much of global trade normally passes through the Suez Canal?
~12%
What term describes risks businesses face due to political instability?
Political Risk
When avoiding the Red Sea, ships often reroute around this part of Africa
Rerouting ships around Africa instead of using the Suez Canal typically increases distance by approximately this amount.
3300 Miles
Longer shipping routes increase costs in what 2 main departments
Fuel and Insurance
This term describes the global network of factories, suppliers, transportation routes, and retailers used to produce and deliver products.
A Global Supply Chain