The attacks in the Red Sea, which handles about 12% of world trade as a key waterway for goods and energy, have emerged as a fresh threat to global supply chains.

BP is the first oil company to directly halt its own shipping, after five major ocean carriers halted service through The Bab al-Mandab strait.

About 17,000 ships and 10% of global trade pass every year through The Bab al-Mandab strait, also known as the Gate of Tears, which is only 20 miles (32km) wide.

Maersk said December 14 that its vessel, Maersk Gibraltar, was targeted by a missile when traveling from Salalah, Oman to Jeddah, Saudi Arabia.

Both December 15 attacks, one missile-based and the other drone-based, came from a part of Yemen controlled by the Houthi rebel movement.

This Ultimate Guide to Supply Chain Resiliency explores concrete recommendations and guidance on creating, implementing, and institutionalizing a world-class supply chain resiliency program. 

In this playbook, we share insights into what works and doesn’t when deriving deep, long-term value from supply chain risk management. 

In this ever-evolving landscape, embracing ESG practices isn't just about ticking boxes; it's about gearing up for a future where sustainability isn't just a goal, but a game-changer for business success!

The mean number of supply chain breaches increased from 3.29 incidents in 2022 to 4.16 incidents in 2023, a 26% rise.

Houthi spokesperson Yahya Saree said that the ship was targeted December 11 after its crew failed to respond to warnings.