Container Shipping Rates Have Never Been Higher
International container shipping rates have been rising rapidly. Causes include the recovery from COVID, fiscal stimulus and blockages in supply chains. Rates seem unlikely to fall before next year.
International container shipping rates have been rising rapidly. Causes include the recovery from COVID, fiscal stimulus and blockages in supply chains. Rates seem unlikely to fall before next year.
The Suez Canal blockage highlights the need to review key supply lines as this is not the only time such problems have arisen. Other countries are reacting and Ireland must also.
In the not-too-distant future, the supply chain will think by itself. The potential benefits for efficiency, security and cost savings are only beginning to be realised.
Ships and cargo are getting smarter with more automation and better tracking reducing losses, damage and incidental costs.