Redington uses air freight for Middle East supplies
Redington is using air freight for Middle East supplies as conflict disrupts sea routes. The firm expects 10% to 15% revenue growth in fiscal 2027 despite costs.
Xurve View
洞察:
Xurve View
REDINGTON LTD is shifting Middle East logistics to air and road transport as regional conflict raises freight and insurance costs by 0.20% of revenue. The closure of the Strait of Hormuz forced the India-based distributor to bypass sea routes during the United States-Israel war on Iran that began at the end of February. Maintaining supply chains is critical for Redington as APPLE INC products alone generate one-third of Redington's total revenue.
