Crisis Management in Global Trade : Analysis of Container Crises, the Red Sea Crisis, and the Suez Canal Crisis

Abstract

The study explored the strategies and techniques for crises management based on the Container, the Red Sea and the Suez Canal Crises. The research examined the economic and operational viability of crisis management solutions in the context of international commerce. The purpose laid in the identification and effective execution frameworks through the analysis of the aforementioned case studies.

Secondary and primary research was performed. Literature sources analysis investigated the global commerce at the time of the study and the factors which influence the 2020 Container Crisis. It also assessed the impact of the Red Sea and Suez Canal crises on global trade routes. Further, anti-crisis strategies and responses were thoroughly investigated as well as the effectiveness of such approaches in the international commerce field. All of which served as a basis for secondary research.

Two interviews with international commerce experts representing large industrial and logistics corporations were conducted as a basis for primary research and the theoretical framework evaluation. The interviews were performed to gain insight into the risk factors and obstacles, as well as to evaluate the effectiveness of anti-crisis methods in real-world company settings.

The findings presented at the end of the study can be useful to international companies and logistics operators looking to enhance their anti-crisis frameworks and strategies in the marine shipping industry. These initiatives will focus on mitigating the adverse repercussions of the global trade crisis.