Unrest in the Middle East has business leaders concerned about the potential impact on their bottom line. The CEO of Marriott of Maersk recently shed light on how long disruptions in the Red Sea could last, revealing potential cost implications for consumers.
Initially, expectations were that the disruption would be short-lived. However, the base case is now leaning towards a month of disruptions, leading to significant costs. The longer this situation persists, the more expensive it becomes for consumers.
