Containers have been increasingly elusive since the beginning of 2020, not due to a lack of quantity, but because of supply chain disruptions displacing shipments. Efforts to combat high demurrage costs at congested ports have led to supply chain managers redistributing receiving areas in attempts to get shipments as close to their destinations as possible for faster delivery. Some U.S. exporters say shipping lines are refusing to send boxes inland to pick up their cargo because they are trying to get empty containers back to Asia quickly to take advantage of historically high shipping prices for exports from the continent. An article published by the Wall Street Journal outlines the details behind the question, “Where are all the shipping containers?”

To read the article, Click Here.

Share:

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
Email

Related Posts

Russian Sanctions Cause Market Uncertainty

Worldwide industries are facing unprecedented times as uncertainty rises around the longevity of Russian sanctions. Businesses are drawing up long, medium, and short-term plans for

Unprecedented Economic Trends for March

March 2022’s economic trends are unlike anything America has witnessed before. The number of unemployed individuals rose to 227,000, while employers are desperate to fill