AB FOODS
The Primark-owner is closely monitoring the situation, but reassures that its supply chains are capable of adjustment. A company spokesperson mentioned that there is currently no cause for concern.
BASF
BASF, the German chemical company, does not anticipate any disruptions to raw material supply or product distribution. Nonetheless, the company is closely monitoring the situation.
BP (NYSE:BP)
Since December 18, the oil major has temporarily paused all transits through the Red Sea due to the attacks.
COVESTRO
The German chemicals maker, Covestro, has stated that any potential increases in transit times would not impact its product supply. However, if the situation persists beyond 2-3 months, the company will activate mitigation plans, including utilizing alternate routes via sea or road.
EQUINOR
Equinor, the Norwegian oil and gas firm, has rerouted vessels that were originally heading towards the Red Sea.
ESSITY
Swedish hygiene products maker, Essity, has limited exposure to the Suez Canal, and therefore expects only a minimal impact. The company is monitoring the situation and staying in contact with suppliers to ensure a continuous flow of goods.
EUROPRIS
Europris, the Norwegian retailer, imports a significant percentage of its goods sold from Asia via sea freight. The company supports shipping companies’ decision to reroute vessels and considers the longer shipping times to be within its safety margin. No significant challenges are expected.
GEELY
Geely, China’s second-largest automaker, expects delays in EV deliveries due to the rerouting of shipping firms. Most of the shipping companies Geely employs to export EVs to Europe plan to go around the Cape of Good Hope.
IKEA
IKEA, the Swedish furniture retailer, states that the situation in the Suez Canal will result in delays and potential availability constraints for certain products. The company is actively exploring alternative supply options to ensure product availability.
KEMIRA
Kemira, the Finnish chemicals company, anticipates that shipping companies’ decisions to reroute vessels around the Cape of Good Hope will have some impact on international routes. Nevertheless, the impact is expected to be minimal in the short term as the company has prepared for disruptions by seeking alternative delivery methods and routes.
LIDL
Tailwind Shipping Lines, a unit of the German discount supermarket chain Lidl, is currently sailing around the Cape of Good Hope to navigate the disruptions.
MEDIAMARKTSATURN
The German electronics retailer, Mediamarktsaturn, does not expect the situation to affect its supply chain or product availability during the Christmas season. However, if the disruptions persist, isolated effects on the availability of goods in the medium term cannot be ruled out.
MOSAIC
The U.S. fertilizer company, Mosaic, has rerouted some U.S.-bound shipments around the Cape of Good Hope to avoid the disruptions.
TSMC
TSMC, the world’s top contract chipmaker, has a well-established enterprise risk management system in place. After assessment, the company does not anticipate a significant impact on its operations.
VOLKSWAGEN
Volkswagen, the German carmaker, expects shipments to take around two weeks longer due to rerouting. However, the company does not foresee any impact on its ability to achieve global wholesale and production targets.
WHIRLPOOL
Whirlpool, an appliances maker, is closely monitoring logistics issues in the Red Sea, Suez Canal, and the wider region to mitigate risks. Currently, there is no impact on its business.
YARA
Yara, the Norwegian fertilizer maker, acknowledges that the Red Sea is an important supply route. Although the company is mildly impacted by the transit challenges, it is actively managing the situation for minimal disruption.