Struck oceans: How geopolitical crises endanger world trade!

Struck oceans: How geopolitical crises endanger world trade!

In the middle of a booming Christmas business, which is expected to achieve 7.5 billion euros in sales this year, the importance of maritime logistics for the European economy is becoming increasingly clear. More than half of the imported were in the EU, and between Europe and Asia it is even an impressive 95 percent. This depends on international trade on a functioning logistics chain. A remarkable incident in March 2021, when a huge container ship stuck in the Suez Canal for six days, illustrated the immense ones that can cause minimal disorders, such as apaotot reported.

On Friday, January 3, 2025, at 9:20 p.m., the topic "Small Cause, great effect. is our care in the ORF correspondent magazine" Worldwide ". treated. Correspondent Raffaela Schai rider provides an exclusive insight into the port of Rotterdam, Europe's largest port, where a highly digitized logistics are operated. However, this efficiency also harbors dangers; Cyber attacks on individual companies can trigger a chain reaction and cause massive economic damage that quickly go into the millions. In Turkey, where 40,000 ships pass the Bosphorus annually, the use of experienced pilots is essential to avoid accidents that could significantly delay deliveries to Europe.

global trade challenges

The strong dependency on sea traffic is increasingly put to the test by geopolitical conflicts, accidents, epidemics and targeted attacks on trade routes. Analysts report that there are worrying tensions in the Red Sea and in the southern China Sea, which endanger the international exchange of goods, as well as Verkehrsrundschau . These disorders force logistics companies to find alternative routes, although they usually have higher costs and longer transport times. In these challenging times it becomes clear how essentially a smooth goods traffic is for the prices and availability of goods.