Retailers worldwide are stocking up on goods before the Chinese Lunar New Year holiday and have also been seeking air/rail alternatives to transportation via the Red Sea to avoid having blank shelves in spring, experts and executives informed Reuters. A European retailer explained that it was postponing marketing campaigns for specific goods until the stocks were secured.
Major container vessel operators like Hapag-Lloyd and Maersk are re-routing vessels away from the Suez Canal — the shortest...