Multiple shipping companies may reroute around the Cape of Good Hope, and shipping costs may increase.
Affected by the situation in the Middle East, the delivery time of products to the Middle East region has started to become unstable. Tao Juying, a market trader in Yiwu, said that besides actively communicating with Middle Eastern customers, she has also made early plans for her business to minimize the impact on her company's trade. In addition to market traders, buyers are also taking measures to cope with the situation. Yufei Yang, a customer from Turkmenistan, said that considering his country's border with Iran, he has changed the shipping method from sea freight to land freight to ensure that the products arrive on time. Freight forwarders have also mentioned that due to the situation in the Middle East, many shipping companies will likely choose to bypass the Suez Canal, increasing the journey time by an estimated 2 weeks and causing an increase in sea freight costs. Therefore, they are also planning alternative solutions for businesses.
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