Supply chain disruption caused by international conflicts, lockdowns and natural disasters
First written in FY2022. 4 of 6 entries say "Materialised", first in FY2024-Q1. Latest entry: FY2026-H1.
Nippon Express Holdings moved to the "Worse" side of this theme in 2024, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 8 of 11 companies on the "Worse" side.
3 other companies' latest entry also says "Materialised".
- FY2026-H1MaterialisedAnnual report
「In international logistics, the worsening situation in the Middle East caused some disruption to air and ocean transportation and affected transportation routes and lead times. However, cargo movements remained firm, particularly from Asia, and were generally steady.」
Worsening conditions in the Middle East caused actual disruption to some air and ocean transportation and affected routes and lead times. - 2026-05-13MaterialisedRevision of earnings forecasts
「Restrictions on the movement of vessels and aircraft due to the escalating tensions in the Middle East reduced transport capacity and caused supply chain disruptions, including transportation via detour routes. In addition, higher fares resulting from soaring fuel costs pushed up logistics costs.」
Describes the actual effects of the situation in the Middle East, including restrictions on movement, reduced transport capacity, detour transportation and higher logistics costs. - FY2024MaterialisedAnnual report
「In ocean cargo transportation, geopolitical and natural-disaster risks directly affecting cargo transportation materialized, including prolonged avoidance of navigation through the Suez Canal because of instability in the Middle East and restrictions on passage caused by record drought in the Panama Canal, resulting in continued instability.」
In addition to Suez Canal avoidance, record drought and passage restrictions in the Panama Canal created concrete transportation constraints in international supply chains. - FY2024-H1RestatedAnnual report
「Conditions remained unstable as geopolitical risks directly affecting cargo transportation materialized, including disruption caused by prolonged avoidance of navigation through the Suez Canal amid instability in the Red Sea.」
Avoidance of the Suez Canal and disruption to international logistics due to the Red Sea situation continued during the first half, reaffirming the materialization of supply-chain and transportation constraints. - FY2024-Q1MaterialisedAnnual report
「Risks that directly affect international logistics have also materialized, such as avoiding navigation through the Suez Canal because of instability in the Red Sea.」
The instability in the Red Sea led to avoidance of the Suez Canal, creating actual supply-chain and transportation constraints directly affecting international logistics. - FY2022First statedAnnual report
「Unexpected events such as international conflicts, lockdowns in major cities and natural disasters create a risk that complex supply chains built across national borders will be disrupted.」
Disruption of global supply chains is identified as a standalone logistics consequence of existing geopolitical and natural-disaster risks.