Red Sea Crisis: Assessing The Impact On Indian Auto & Pharma Sector | Business News

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The Red Sea crisis, disrupting one of the world's vital shipping routes, forces ships to detour around Africa's Cape of Good Hope. This detour, spanning 7,000-10,000 km and adding 7-10 days to journeys, triggers rising transit times and elevated shipping costs. The automotive sector faces significant disruptions, particularly in the China-Europe route, with lower utilizations, delays in cost inflation pass-throughs, and manufacturers suspending production in Europe due to component shortages. Join us as we explore the multifaceted repercussions of the Red Sea crisis on global trade, shipping, and the intricate dynamics of the automotive industry.

#redseacrisis #indianautos #indianpharma #businessnews
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