(Reuters) -Attacks on vessels by Iranian-backed Houthi militants in Yemen have disrupted international commerce on the shortest shipping route between Europe and Asia.
The attacks, targeting a route that accounts for about 15% of the world's shipping traffic, have pushed several shipping companies to reroute their vessels.
Below are companies' responses to the disturbances (in alphabetical order):
AB FOODS
The Primark-owner is monitoring the situation, but its supply chains are capable of some adjustment, a company spokesperson said, adding that so far it saw no need to be concerned.
BASF
The German chemical company does not see disruptions to raw material supply or product distribution, but it's closely monitoring the situation, a company spokesperson said.
BP (LON:BP)
The oil major on Dec. 18 said it had temporarily paused all transits through the Red Sea.
COVESTRO
The German chemicals maker said any possible increases in transit times would not impact its product supply.
DANONE
The French food group said in December that most of its shipments had been diverted, which would increase transit times. Should the situation last beyond 2-3 months, Danone will activate mitigation plans, including using alternate routes via sea or road wherever possible, a spokesperson said.
DHL
The German logistic company, which does not operate ships but uses them to transport containers, on Jan. 8 advised its customers to take a close look at how they manage inventories.
ELECTROLUX
The Swedish home appliances maker set up a task force to find alternative routes or identify priority deliveries to try to avoid any disruption. It sees a limited impact on deliveries for now.
EQUINOR
The Norwegian oil and gas firm on Dec. 18 said it had rerouted vessels that had been heading towards the Red Sea.
ESSITY
The Swedish hygiene products maker is monitoring the situation and staying in contact with impacted suppliers to ensure continued flow of goods, The company sees a limited impact as a low percentage of its supplies move through the Suez Canal.
EUROPRIS
The Norwegian retailer, which imports 35-40% of goods sold from Asia via sea freight, on Jan. 5 told Reuters it had not considered other shipping options as this would increase costs.
Europris reiterated the longer shipping times were within its safety margin and no significant challenges were expected, adding that it saw no need to adjust the outlook due to its fixed price agreement on sea freight for 2024.
GEELY
Geely, China's second-largest automaker by sales, said on Dec. 22 its EV sales would likely be impacted by a delay in deliveries, as most of the shipping firms it uses to export EVs to Europe sail around the Cape of Good Hope.
IKEA
The Swedish ready-to-assemble furniture retailer said on Dec. 19 that the situation would result in delays and may cause availability constraints for certain products.
"We are evaluating other supply options to secure the availability of our products," it added.
KAPPAHL
The Swedish fashion retailer on Jan. 8 said it was affected as it ships via Maersk. "We expect some effects, maybe some delays of new goods, but how large the effect will be is still very uncertain," it told Reuters.
KEMIRA
The Finnish chemicals company said on Dec. 19 that shipping companies' decisions to reroute vessels would affect some of its international routes, but not in any significant way at least in the short term.
"There is currently spare capacity on the market and waiting times at ports are reasonably good," a Kemira spokesperson said.
KID
The Norwegian home decor retailer told Reuters on Jan. 5 it saw no consequences for the stock in store, but added it was unclear how the company would be affected. Kid said it did not ship via Maersk.
KONE
The Finnish elevator maker said the situation may in some cases delay shipments by 2-3 weeks, but a majority of its customer deliveries should stay on schedule. Kone said it had prepared for the disruptions by seeking alternative delivery methods and routes.
LIDL
Lidl unit Tailwind Shipping Lines, which transports non-food goods for the discount supermarket chain and goods for third-party customers, said it was sailing around the Cape of Good Hope for now.
MEDIAMARKTSATURN
The German electronics retailer, and Ceconomy unit, said on Dec. 21 it did not expect the situation to affect its supply chain or availability of products during the Christmas season.
"If the situation persists for longer, we cannot rule out the possibility that we may also experience isolated effects on the availability of goods in the medium term," it added.
MOSAIC
The U.S. fertilizer company said on Dec. 18 it had rerouted a couple of U.S.-bound shipments around the Cape of Good Hope.
TSMC,
The world's top contract chipmaker said on Dec. 19 it did not anticipate a significant impact on its operations.
VOLKSWAGEN
The German carmaker on Dec. 20 said rerouting of shipments would result in around two weeks longer journeys, adding it had not seen any problems so far.
VOLVO CAR
The Swedish automaker told Reuters it was affected by the shipping hindrances and was investigating the potential impact, but saw no impact on its ability to reach global wholesale and production targets.
WHIRLPOOL
The appliances maker said in December it was closely monitoring logistics issues in the region to help mitigate risks as they arise, adding there was no impact to its business so far.
YARA
The Norwegian fertilizer maker told Reuters it was only mildly impacted for now, but said the Red Sea was an important supply route for it.