Hyundai Motor faces export disruptions to Europe and North Africa due to the Middle East conflict, affecting global supply chains. Kim Dong-jo, senior VP at Hyundai Motor's Global Policy Office, highlighted the strain on shipping routes, logistics costs, and parts suppliers. The company is collaborating with suppliers and the government to mitigate these challenges. Despite overall strong March exports, Hyundai’s shipments to the Middle East dropped 49%.
Hyundai's logistics unit, Hyundai Glovis, is facing route restrictions and increased fuel costs, leading to temporary cargo storage at alternative locations. Some shipments are being redirected to hubs like Sri Lanka, causing delays and pressure on production.