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What happened
The rise in hijacking incidents is posing a significant threat to the global supply chain, adding to existing challenges such as the pandemic and geopolitical tensions.
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Key insights
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1
Increased Frequency of Hijackings
There has been a noticeable increase in the number of hijacking incidents targeting freight and cargo shipments, disrupting the flow of goods worldwide.
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2
Impact on Supply Chain Resilience
The threat of hijackings is compounding existing supply chain issues, putting further strain on logistics and increasing costs for businesses.
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3
Geopolitical and Economic Factors
Geopolitical tensions and economic instability in certain regions are contributing to the rise in hijacking incidents, making it a complex issue to address.