What is the Driving Factor Behind Container Price Gains?
Freight rates, in addition to other rates across several industries, have been fueled by the invasion of Ukraine by Russia, as well as a global uptick in demand in a post-Covid economy for diesel, gasoline, and jet fuel. Gas prices are coinciding with a profit boom for the owners of tankers that carry petroleum products. […]
Supply Chain Getting Worse
Supply chain experts are describing what they call a “perfect storm” when it comes to the current state of supply chains everywhere: truck driver shortages, computer chip shortages, and raw material shortages in almost all industries; combined with a continuous increase in consumer demand, the only thing there seems to be no lack of are […]
Container Shipping Rates Soar, Cause for Concern for U.S. Exporters
Container shipping rates have increased over 500% when compared to a year ago. The rapid increase in Delta-variant Covid-19 outbreaks in several countries has slowed container turnaround rates significantly. With other natural occurrences, such as typhoons and hurricanes happening across the globe, it has only served to complicate supply chain operations further. “These factors have […]
