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March 15, 2021

Will the global container shortage crisis last for a long time? 2021 will still be full of challenges

Will the global container shortage crisis last for a long time? 2021 will still be full of challenges
The global shipping system is currently experiencing a unique and unexpected crisis. A series of unusual events triggered by the coronavirus pandemic led to a serious container shortage crisis. This situation can be classified as global, because the shortage of containers will have a knock-on effect on all supply chains and fundamentally disrupt international trade.  During the recovery phase of trade, the shortage of containers had a huge impact on freight rates. According to market participants, in February this year, the transportation cost of each container has increased from US$1,500 to US$6,000-9 ...

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