Garment export shipments from Bangladesh are showing fresh concerns after tension increased between Iran and Israel. This increased pressure on the global supply chain, which was already disrupted owing to the ongoing Red Sea crisis and the Gaza war.
Apparel exporters in Bangladesh fear that the cost of exports will increase further since global petroleum prices may increase if the tension increases, which will raise the shipping costs and affect oil traffic going through the Middle East.
Before the crisis 30 days were usually needed to ship goods from Chattogram to ports in Europe.
Pirate attacks and global tensions forced carriers to reroute ships around the Cape of Good Hope in South Africa, resulting in delays of up to three weeks additional 3,500 kilometres, raising operational expenses.