The Red Arrow is found 4,500 kilometers from Spain, but what happens there already costs our country money; that is, to us. The microchips are not arriving, a hard blow for the automotive sector that already had to stop due to lack of rubber. The textile sector also fares poorly. “It affects textile marketing companies, such as Inditex, which is a large producer in Bangladesh.”

This was explained by Emilio González, professor of economics at Comillas ICADE, who added that the company owned by Amancio Ortega may see “its supply routes affected.” The reason: More than 10% of international trade passes through the Suez Canal. However, now, due to tensions in the area, a longer and more expensive route is necessary.

As? Bordering the entire African continent, which means an increase in the cost of maritime transport of more than 70%. The more distance to travel, the more delays in shipments. Specifically, between six and seven more days of navigation. “There could be a situation of a small shortage as a result of delays,” González pointed out.

Volatility in oil increases Also with this situation. “This instability ends up reflected in prices,” stressed the economics professor. The only one who benefits from this situation is the defense sector, which is starting 2024 on the right foot.