ryan petersen from the supply chain management company flexport told me more about how the disruptions already impacting businesses. it's just getting started. over the weekend and through today we have had all ten of the top container shipping lines in the world, representing about 95% capacity, have begun to divert vessels to avoid sailing through the red sea and to go around the tip of africa, as you said. it takes about 25% longer to go that way from asia to europe and, well, 25% reduction in supply of shipping, we're going to see huge delays, obviously, but also big price increases because, well, it's a supply and demand and if the supply comes down 25%, one thing we have learned in the last few years is a small destruction and supply can lead to a huge swing in price. —— are small disruption in supply can lead to a huge swing in prices. indeed. we're seeing an impact on oil prices as well. the united states planning to form an international coalition to protect those ships. what is your reaction to that, is that going to help? this is the founding mission of the us navy was to p

ryan petersen from the supply chain management company flexport told me more about how the disruptiony impacting business. it's just getting started, but over the weekend and through today, we've had all ten of the top container shipping lines in the world represented about 95% capacity have begun delivered vessels to avoid salem to the red sea and to go around the tip of africa, as you said. it takes about 25% longer to go that way, from asia to europe, and it went reduction in the supply of shipping, we are going to see huge delays, obviously, but also big price increases, because its supply and demand, and if the supply comes down .5%, one thing we've learned last few years is a small disruption in supply can lead to a huge swing in price. indeed, we are seeing an impact on oil prices as well there. the united states planning to form an international coalition to protect those ships. what's your reaction to that? is that going to help?— going to help? this is the founding _ going to help? this is the founding mission - going to help? this is the founding mission of - going to help?

ryan petersen from the supply chain management company flexport told me more about how the disruptionalready impacting businesses. it's just getting started. over the weekend and through today we have had all ten of the top container shipping lines in the world, representing about 95% capacity, have begun to divert vessels to avoid sailing through the red sea and to go around the tip of africa, as you said. it takes about 25% longer to go that way from asia to europe and, well, 25% reduction in supply of shipping, we're going to see huge delays, obviously, but also big price increases because, well, it's a supply and demand and if the supply comes down 25%, one thing we have learned in the last few years is a small destruction and supply can lead to a huge swing in price. indeed. we're seeing an impact on oil prices as well. the united states planning to form an international coalition to protect those ships. what is your reaction to that, is that going to help? this is the founding mission of the us navy was to protect freedom of navigation going back to 1798. it's sort of on some le