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UK manufacturers hit by Red Sea disruption and rising shipping costs

UK manufacturers hit by Red Sea disruption and rising shipping costs

Supply chain difficulties have led to job losses and cuts in purchasing and stocks, S&P Global poll shows

Britain’s factories have been hit by disruption caused by Houthi rebel attacks in the Red Sea that led to shipping delays and contributed to rising costs, as the boss of Adidas warned about “exploding” global freight rates.

UK manufacturers have experienced growing supply chain difficulties, as the Red Sea crisis led to the rerouting of deliveries of raw materials, components and other goods away from the Suez Canal, a survey has shown.

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