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%.
What happened
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
Key facts
- 0.20% of revenue
- 10-15% revenue growth FY27
- ~33% revenue from Apple
- 40+ markets
Why this matters
Redington's rapid air-freight rerouting capability and ability to pass costs through on a vendor portfolio anchored by Apple (~33% of revenue) underscores its strategic value as a distribution partner in geopolitically stressed corridors.