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Category Archives: Actualidad

Red Sea crisis: epicentre of global economic uncertainty

The crisis in the Red Sea has plunged the maritime sector into deep uncertainty, threatening to unbalance global trade and generate worldwide economic consequences. With more than 50 attacks by Yemen’s Houthis in recent weeks, the world’s major shipping lines have been forced to halt their operations in this channel.

The Red Sea is a strategic route connecting Europe, Asia and Africa, and the ongoing siege has created a critical situation for international trade. The immediate impact is reflected in a significant delay in the arrival of essential supplies for various industries, generating widespread fears of possible price increases globally.

In this context, Smart Logistics, as a logistics operator with global coverage, keeps abreast of the current situation and is in constant communication with its customers to keep them informed. The aim is to offer them efficient and secure logistics solutions.

The alternative route

One of the most notable responses to this crisis has been the rerouting of vessels that previously transited the Suez Canal. Unable to guarantee safety in the Red Sea, ships are now forced to round Africa via the Cape of Good Hope in the south of the continent. This change means an increase in crossing times of between 12 and 20 days, as well as an increase in the distance travelled from 18,000 to 25,000 kilometres.

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The International Maritime Organisation (IMO) has confirmed that at least 18 shipping lines have opted to divert their ships around the Cape of Good Hope to avoid persistent attacks in the Red Sea. This increase in distance and travel time not only affects the operating costs of shipping lines, but also has a direct impact on logistical efficiency and the timely delivery of goods.

Supply shortages

The Association of Manufacturers and Distributors (AECOC) has also expressed its concern about the lack of supply of consumer products. A situation that could worsen with the arrival of the Chinese New Year on 10 February.

Spain imports 100 billion euros worth of key Asian products annually, such as food, textiles and fashion, hardware and DIY, and technology goods. Delays in delivery time would have a serious impact on the country’s economy.

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Smart Logistics, company specialised in import and export processes between Mexico and Spain

The forwarder company Smart Logistics is an effective ally in import and export traffic with Mexico. This was confirmed during the training day held at the Consulate of the North American country in Barcelona, where the Consul Claudia Pavlovich welcomed the participants. The meeting was attended by Spanish companies with large commercial exchanges with Mexico, who were able to share experiences and knowledge regarding traffic on this route.

The conference, which was also attended by representatives from the port of Barcelona, served to discuss the main operational processes required from both Mexico and Spain. The subject of customs processes and documentation was also discussed. In summary, the importance of having practical and efficient information as a first step to start successful operations in the medium and long term was noted.

One of the biggest economies in Latin America

Antonio Durán, Managing Director of Smart Logistics, highlighted during his speech that “in a constantly evolving international trade scenario, Smart Logistics is developing and presenting itself as an integral partner, as a strategic partner, for companies that want to grow in different international markets, offering tailor-made logistics solutions”.

Mexico, with a population of 127 million people, ranks 14th in the ranking of world economies, is the leading exporter in Latin America (42% of the region’s total) and holds fifth place in terms of territorial extension on the American continent. At present, 1,697 Catalan companies export constantly to Mexico. By sector, vehicles, machinery, perfumery and cosmetics stand out. They represent 35.7% of Spain’s total exports to the country. As for imports, the chapters on vehicles, organic chemical products and fish stand out.

The US-China trade conflict is a win-win situation for the country

The economic war between the US and China, especially since COVID-19, is benefiting Mexico in terms of trade and investment. In this scenario, the country is emerging as an attractive destination thanks to its geographical proximity to the US market and its well-established manufacturing infrastructure. This trend, as evidenced during the conference, is generating a greater demand for production capacity in the Latin American country (nearshoring).

In the coming years, according to data from the International Monetary Fund (IMF), Mexico’s development will be concentrated precisely on exports of goods and services.

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