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Market insights to power your logistics decisions

Maersk Asia Pacific July Market Update has the latest information to stay updated and keep your cargo moving.

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The resilience of your supply chain is always our top priority. We are confronted by a range of challenges which include geopolitical tensions, climate change, and unpredictable events, as well as the ongoing situation in the Red Sea and the supply chain disruptions that we face together. In this July Market Update for Asia Pacific, we will provide you with insights to navigate this period of heightened volatility together and keep your supply chain moving.

Trending Topic of the Month: The continued impact of the Red Sea situation on supply chains

The fallout of the Red Sea situation is continuing to cascade across the world, creating challenges for supply chains and our customers. It has caused industry-wide disruptions since December 2023, forcing vessels to temporarily divert and take longer routes around the Cape of Good Hope and causing unprecedented challenges for global supply chains.

Maersk CEO Vincent Clerc explained that the coming months will be challenging for carriers and businesses alike, as the Red Sea situation stretches into the third quarter of 2024.

Speaking at a recent online event with customers, Vincent Clerc talked about the challenges the continuing attacks on ships in the Red Sea / Gulf of Aden have created for logistics and supply chains. For the time being, Maersk ships are continuing to divert around Africa via the Cape of Good Hope. He acknowledged the situation is difficult for both carriers and businesses needing their cargo transported.