RIYADH: Disruptions in the Red Sea are expected to add to the global economic woes by increasing manufacturers’ working capital in Europe, the Middle East and Africa, according to a report.
The maritime crisis is expected to affect the free cash flow of industrial manufacturers, a report issued by Fitch Ratings said.
The agency noted that ships rerouting from the Suez Canal could increase manufacturers’ working capital needs due to slower transportation of parts and finished products.