More than half of UK retailers affected by Houthi disruption, survey shows

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More than half of UK retailers and exporters have been affected by the disruption to Red Sea trade from Houthi rebel attacks on cargo ships, research by a leading business lobby group suggests. The price of shipping a container from Asia to Europe has gone up by as much as 300% for some businesses, while logistical delays have added up to three to four weeks to delivery times, according to the survey by the British Chambers of Commerce (BCC). The delays are creating knock-on effects, such as cashflow difficulties and component shortages on production lines, according to participants in the...