Redington pivots to air freight as Strait of Hormuz closure disrupts Gulf sea routes
Indian IT distributor Redington has rerouted Apple, Dell, Samsung, Lenovo and HP shipments through Saudi Arabia and Oman via air freight after Gulf conflict closed the Strait of Hormuz. Cost impact pegged at 0.20% of revenue, mostly passed to customers. Apple contributes ~33% of revenue across 40+ markets; FY27 growth guidance held at 10-15%.
Indian IT distributor Redington has shifted from sea to air freight for Middle East shipments after Gulf conflict closed the Strait of Hormuz, rerouting Apple and other vendor products via Saudi Arabia and Oman, passing most added costs to customers.