When the Red Sea crisis broke out and vessels started rerouting around Africa, the Asia-Europe supply chain became 7-14 days longer, depending on port-pair configurations. As supply chains lengthen, shippers typically increase their inventories to account for the longer transit times, effectively treating the cargo on the ships as inventory. In 2024, demand on the […] The post Asia-Europe trade faces sharp decline in demand after Red Sea crisis appeared first on Container News .