Major container lines have already rerouted vessels around the Cape of Good Hope to avoid the Red Sea and Gulf regions, increasing transit times and freight expenses.
Analysts warn that bypassing Hormuz would shift traffic to Indian West Coast ports, risking congestion and further rate hikes. Persian Gulf trans-shipment hubs such as Jebel Ali and Khalifa Port could also face disruptions, compounding delays for textile raw materials and finished goods. With ocean freight rates already volatile, how prepared is the fashion industry for prolonged logistical bottlenecks?
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!