Can TTS Help Regarding the Red Sea Crisis?
The Red Sea has long been a vital trade route, connecting the East and West, facilitating the transportation of goods across the globe. However, recent challenges posed by the Houthi rebels have created hurdles for many businesses importing goods from the East.
Clients involved in importing goods from the East, utilising this route, are experiencing disruptions and delays as well as increased costs. Transit times have been increased by one and in some cases two weeks whilst an increase in costs (as much as 80% in some instances) coupled with expensive surcharges severely impacts on both a clients competitiveness and bottom line profitability. Given all this, TTS (Telford Transportation Solutions) offers some advice on how best to manage the current difficulties and minimise costs:
TTS, on your behalf, can explore alternative routes - whenever feasible, such as shipping goods through the Indian Ocean or the Mediterranean Sea.
TTS can work with you to provide guidance on how to adapt supply chain strategies to mitigate the impacts of disruptions, such as maintaining higher inventory levels during periods of increased uncertainty.
TTS can investigate the use of multiple shipping lines to reduce dependence on a single carrier. This has the effect of reducing the risk of complete loss - as a result of Houthi activities.
TTS maintains high levels of collaboration with shipping lines and port authorities - ensuring prompt information-sharing in case of any unexpected incidents.
TTS are monitoring the political situation in the region and are keeping clients, using the Red Sea route, informed about any potential escalations in Houthi activity. We also maintain a watchful eye on international news agencies and industry-specific publications to remain fully appraised about the situation.
TTS employ cargo tracking and monitoring technologies such as GPS and satellite-based systems to enhance real-time monitoring of cargo throughout the entire journey.
TTS works with shipping lines that leverage technology for a robust risk assessment mechanism using data analytics and predictive modelling technologies to identify high-risk areas and adjust shipping plans accordingly.
For more advice and assistance with international shipping, talk to TTS; Ian@telfordtransport.co.uk