{"id":102774,"date":"2024-02-07T14:52:30","date_gmt":"2024-02-07T14:52:30","guid":{"rendered":"https:\/\/octagona.com\/?p=102774"},"modified":"2025-05-29T11:45:24","modified_gmt":"2025-05-29T11:45:24","slug":"suez-channel-export-blockade","status":"publish","type":"post","link":"https:\/\/octagona.com\/en\/blocco-canale-suez-export\/","title":{"rendered":"Suez Canal blockade, what repercussions for exports?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The beginning of 2024 for global exports was marked by the recent blockage of the Suez Canal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The latter represents an essential trade route for the passage of goods globally; in fact, according to a report by The Economist Intelligence Unit, 30% of container traffic and 12% of world trade passes through this stretch of sea. Repeated attacks by the Yemeni Houthi group on cargo ships transiting the strait have resulted in the closure of the choke point, and consequently the need to find new routes for goods.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As early as last December, the <\/span><a href=\"https:\/\/www.ifw-kiel.de\/publications\/news\/cargo-volume-in-the-red-sea-collapses\/\"><span style=\"font-weight: 400;\">Kile trade indicator<\/span><\/a><span style=\"font-weight: 400;\"> showed a 2% decline in exports from the EU as a result of this geopolitical crisis.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What is the impact on Italian exports and more importantly, how to safeguard exports from our country?<\/span><\/p>\n<h2><span style=\"font-weight: 400;\"><img decoding=\"async\" class=\"alignnone wp-image-102775 size-large\" src=\"https:\/\/octagona.com\/wp-content\/uploads\/2024\/02\/samuel-hanna-kmZe7p4Kb3A-unsplash-min-1024x864.jpeg\" alt=\"Suez canal export blockade\" width=\"640\" height=\"540\" srcset=\"https:\/\/octagona.com\/wp-content\/uploads\/2024\/02\/samuel-hanna-kmZe7p4Kb3A-unsplash-min-1024x864.jpeg 1024w, https:\/\/octagona.com\/wp-content\/uploads\/2024\/02\/samuel-hanna-kmZe7p4Kb3A-unsplash-min-300x253.jpeg 300w, https:\/\/octagona.com\/wp-content\/uploads\/2024\/02\/samuel-hanna-kmZe7p4Kb3A-unsplash-min-768x648.jpeg 768w, https:\/\/octagona.com\/wp-content\/uploads\/2024\/02\/samuel-hanna-kmZe7p4Kb3A-unsplash-min-1536x1296.jpeg 1536w, https:\/\/octagona.com\/wp-content\/uploads\/2024\/02\/samuel-hanna-kmZe7p4Kb3A-unsplash-min-2048x1727.jpeg 2048w, https:\/\/octagona.com\/wp-content\/uploads\/2024\/02\/samuel-hanna-kmZe7p4Kb3A-unsplash-min-14x12.jpeg 14w, https:\/\/octagona.com\/wp-content\/uploads\/2024\/02\/samuel-hanna-kmZe7p4Kb3A-unsplash-min-scaled.jpeg 1920w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/span><\/h2>\n<h2><\/h2>\n<p>\u00a0<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_83 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/octagona.com\/en\/blocco-canale-suez-export\/#Blocco_del_canale_di_Suez_i_primi_effetti\" >Suez Canal blockade, the first effects<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/octagona.com\/en\/blocco-canale-suez-export\/#Proteggere_lexport_italiano_dalla_crisi_di_Suez_quali_misure\" >Protecting Italian exports from the Suez crisis, what measures?<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Blocco_del_canale_di_Suez_i_primi_effetti\"><\/span><span style=\"font-weight: 400;\">Suez Canal blockade, the first effects<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">To cope with the emergency in the Suez Canal, several international companies have changed their trade routes, opting to pass through the Cape of Good Hope in South Africa.\u00a0 <\/span><span style=\"font-weight: 400;\">This is a choice that implies higher transportation costs (a surcharge of around $1,500 per container) and major delays, which can be as long as 20 days.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So far, Italian businesses have experienced limited repercussions. The need, however, is to develop strategies as soon as possible that can cope with the emergency. Goods transiting the Red Sea from Italy cover almost 9% of our exports, as reported by Confartigianato. In other words, this is a volume of business that exceeds 53 billion euros and must be safeguarded.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The share is high both for imports of crude oil and metal and mechanical products (accounting for approximately 30% of total foreign purchases) and for the procurement of oil and liquefied natural gas from \u2019alternative sources,\u2019 following the phase-out of Russian natural gas.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <a href=\"https:\/\/www.ilsole24ore.com\/art\/ortofrutta-blocco-canale-suez-mette-rischio-mercato-300-milioni-AFjd7uOC\">sector<\/a> most alarmed is the fruit and vegetable sector, as the lengthening of the route increases not only transportation costs but also the price of the commodity, which can be increased by more than 10 cents\/kg<\/span><span style=\"font-weight: 400;\">. In addition, there is also an important impact on the shelf-life of fresh produce, especially apples, kiwis, and citrus fruits.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this context, Italian companies are considering actions that can address the current situation and safeguard the\u2019<\/span><a href=\"https:\/\/octagona.com\/en\/where-to-make-exports-in-2024-target-countries\/\"><span style=\"font-weight: 400;\">export<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\"><img decoding=\"async\" class=\"alignnone wp-image-102776 size-large\" src=\"https:\/\/octagona.com\/wp-content\/uploads\/2024\/02\/eilis-garvey-dI_S0Kyq1Z0-unsplash-min-1024x680.jpeg\" alt=\"suez canal export crisis\" width=\"640\" height=\"425\" srcset=\"https:\/\/octagona.com\/wp-content\/uploads\/2024\/02\/eilis-garvey-dI_S0Kyq1Z0-unsplash-min-1024x680.jpeg 1024w, https:\/\/octagona.com\/wp-content\/uploads\/2024\/02\/eilis-garvey-dI_S0Kyq1Z0-unsplash-min-300x199.jpeg 300w, https:\/\/octagona.com\/wp-content\/uploads\/2024\/02\/eilis-garvey-dI_S0Kyq1Z0-unsplash-min-768x510.jpeg 768w, https:\/\/octagona.com\/wp-content\/uploads\/2024\/02\/eilis-garvey-dI_S0Kyq1Z0-unsplash-min-1536x1021.jpeg 1536w, https:\/\/octagona.com\/wp-content\/uploads\/2024\/02\/eilis-garvey-dI_S0Kyq1Z0-unsplash-min-2048x1361.jpeg 2048w, https:\/\/octagona.com\/wp-content\/uploads\/2024\/02\/eilis-garvey-dI_S0Kyq1Z0-unsplash-min-18x12.jpeg 18w, https:\/\/octagona.com\/wp-content\/uploads\/2024\/02\/eilis-garvey-dI_S0Kyq1Z0-unsplash-min-scaled.jpeg 1920w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/span><\/h2>\n<p>\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Proteggere_lexport_italiano_dalla_crisi_di_Suez_quali_misure\"><\/span><span style=\"font-weight: 400;\">Protecting Italian exports from the Suez crisis, what measures?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">It seems, therefore, clear how critical the situation has become from the perspective of the economy. Many companies are suffering the repercussions of the blockade and must take action to cope with the inevitable slowdown in trade. Therefore, it is possible to move actively by taking some measures that could be an ideal alternative solution. But what are these measures? Two strategies can be undertaken:<\/span><\/p>\n<p><b>Short-term approach<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Consolidating the presence<\/b><span style=\"font-weight: 400;\"> of the company in markets where it already has a presence. We refer to markets such as Europe, convenient both because of geographic proximity and few barriers to entry.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">However, since the European market is less viable than other markets, in parallel it is recommended to <\/span><b>search for new markets<\/b><span style=\"font-weight: 400;\"> outlets that are easy to reach and not so difficult to penetrate (e.g., Balkans and Nordics).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">In the wake of seeking new markets, a good alternative may be the United States, which still offers many opportunities in various sectors.\u00a0<\/span><\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<p><b>Long-term approach<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">From a strategic point of view, also in view of the opportunity provided, it is appropriate to <strong>presiding over the Asian market<\/strong> with a logic of <\/span><i><span style=\"font-weight: 400;\">local for local<\/span><\/i><span style=\"font-weight: 400;\"> aiming to create a direct presence supported by a local network (service, customers, suppliers, etc.). In the area, India is currently the most promising country for this type of investment.<\/span><\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400;\">Finally, whether you want to enter new markets or consolidate your presence in areas you already know, to make sure that problems in the Suez Canal do not unduly impact your business, you need to <\/span><b>review its supply chain<\/b><span style=\"font-weight: 400;\">. In order to be able to avoid excessive slowdowns in production and on shelf-life (as in the case of fresh produce), the supply chain must not suffer hiccups of any kind. It may, therefore, be the case to target new suppliers not involved in critical geographic areas and carry out the right qualification process.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The situation in the Suez Canal is a priority on the international political agenda. The goal is to ensure safe transits through the Suez Canal as soon as possible, thereby avoiding other negative effects on international trade.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While waiting for institutions to take action on this situation in the short term, every business must take the reins of its trade into its own hands and decide which strategies both short- and long-term to adopt. Of course, these are very difficult choices for which a variety of skills are required: knowledge of internationalization strategies and markets, local presence, and experience gained in the field are key factors for the success of such strategies.\u00a0<\/span><\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400;\">If you would like to discuss with our experts, please feel free to <a href=\"https:\/\/octagona.com\/en\/contacts\/\">contact us<\/a>. <\/span><\/p>\n<p>\u00a0<\/p>","protected":false},"excerpt":{"rendered":"<p>L\u2019inizio del 2024 per l\u2019export mondiale \u00e8 stato segnato dal recente blocco del canale di Suez. Quest\u2019ultimo rappresenta una rotta commerciale di essenziale importanza per il passaggio delle merci a livello globale; secondo un report di The Economist Intelligence Unit, infatti, attraverso questo tratto di mare passa il 30% del traffico di container e il [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary octgn-read-more-link\" href=\"https:\/\/octagona.com\/en\/blocco-canale-suez-export\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":4,"featured_media":102777,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-102774","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internazionalizzazione-imprese"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Blocco del canale di Suez, le 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