Operation Epic Fury forces dual shipping reroutes through Strait of Hormuz and Red Sea, adding $2,000-$4,000 per container and 10-14 days. Retail faces a crisis.

Procurement was once seen as just a link in the chain of business operations. It was the process by which operators secured their products and services. While consistency was desired and affordability attempted, this process wasn't seen as a strategic lever for procurement risk mitigation or business expansion.

NEW YORK (AP) — The Iran war has effectively halted oil tanker movement in the key Strait of Hormuz. But it’s also disrupting the wider global supply chain beyond oil, affecting everything from pharmaceuticals from India, semiconductors from Asia and oil-derived products like fertilizers that come from the Middle East.

The war in Iran is choking off a key shipping route in the global supply chain, potentially leading to massive delays in the flow of goods to American consumers