News / Angry importers hit by delivery delays and rising costs, but rates are softening

© Ilja Enger Tsizikov |

European importers are facing delays in receiving product from Asia of up to a month, while freight costs have trebled.

Nevertheless, there is some welcome relief for shippers as freight rates start to come off the boil.

The latest research paper produced by S&P Global Market Intelligence focuses on the impact of the Red Sea diversions on furniture supply chains in European and US markets.

“Disruptions to shipping through the Red Sea are causing challenges,” says the report, noting that imports from Asia ...