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<\/figure>\n\nAfter four weeks from its beginning, the conflict between the US and Israel against Iran\u2014adding up to two ongoing ones between Russia and Ukraine, and Israelis versus Palestinians\u2014continues to spread insecurity globally.<\/p>\n\n
Furthermore, it exacerbates challenges in an already critical industrial and commercial landscape, as well as for the global fashion and jeanswear sectors.<\/p>\n\n
The blockade of the Strait of Hormuz has highlighted just how important waterways are for the transport of oil (about 20 million barrels daily) and goods. According to estimates by Shield (SDA Bocconi), 70% of global trade, when measured by value\u2014which equals 80% when measured by volume\u2014occurs by sea. <\/p>\n\n
Recent naval blockades are causing delays of 10\u201315 days for goods traveling from Asia to other continents, throwing business models and delivery times based on the just-in-time concept into crisis. <\/p>\n\n
The difficulty in sourcing fuel, along with rising fuel and gas prices\u2014and consequently electricity prices\u2014is becoming increasingly pronounced. Similarly, the costs of raw materials have also risen significantly, particularly for petrochemical derivatives, impacting production costs, especially for manufacturers of accessories and chemicals used in dyeing and finishing. Situations of uncertainty, instability, and volatility appear to be on the rise, adding new challenges to a market that is already struggling. <\/p>\n\n
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