Since the Red Sea crisis erupted in October last year, the situation has been continuously escalating. International shipping giants continued to announce the suspension of their routes in the Red Sea from December. Over 90% of container ships redirected their routes to bypass the Cape of Good Hope in southern Africa, resulting in a 1.3% decline in global trade.
How Red Sea attacks impact global supply chain？
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Analysts predict Tesco's volume recovery to persist in 2024 due to falling food inflation and rising consumer confidence. Tesco's shares may gain from deflation fears easing, backed by a 4.3% dividend yield and ongoing 3.5% buyback. The firm's strong performance is credited to its disciplined competition and effective loyalty scheme.