“Some of our costs have gone up 250%”.
That is the reality for Thomas O’Brien, boss of family-run Boxer Gifts, which designs games and seasonal presents.
Their products are made in China so the Leeds-based firm relies heavily on global shipping. But attacks on commercial vessels in the Red Sea have prompted long diversions to avoid one of the world’s busiest shipping lanes.
Their products are made in China so the Leeds-based firm relies heavily on global shipping. But attacks on commercial vessels in the Red Sea have prompted long diversions to avoid one of the world’s busiest shipping lanes.
It follows a warning from the British Retail Consortium (BRC) that the disruption could have a knock-on effect on product availability and prices.
Chief executive Helen Dickinson said this was “as a result of higher transportation and shipping insurance costs”.
“Over the coming months, some goods will take longer to be shipped,” she added.
Guy Platten, secretary general of the International Chamber of Shipping warned “we won’t see much of an impact until later on in January”.
“Some of our costs have gone up 250%”.
Their products are made in China so the Leeds-based firm relies heavily on global shipping. But attacks on commercial vessels in the Red Sea have prompted long diversions to avoid one of the world’s busiest shipping lanes.
That is the reality for Thomas O’Brien, boss of family-run Boxer Gifts, which designs games and seasonal presents.
It follows a warning from the British Retail Consortium (BRC) that the disruption could have a knock-on effect on product availability and prices.
Their products are made in China so the Leeds-based firm relies heavily on global shipping. But attacks on commercial vessels in the Red Sea have prompted long diversions to avoid one of the world’s busiest shipping lanes.
Their products are made in China so the Leeds-based firm relies heavily on global shipping. But attacks on commercial vessels in the Red Sea have prompted long diversions to avoid one of the world’s busiest shipping lanes.
It follows a warning from the British Retail Consortium (BRC) that the disruption could have a knock-on effect on product availability and prices.
Chief executive Helen Dickinson said this was “as a result of higher transportation and shipping insurance costs”.
“Over the coming months, some goods will take longer to be shipped,” she added.
Guy Platten, secretary general of the International Chamber of Shipping warned “we won’t see much of an impact until later on in January”.
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