标签： Global Supply Chain Crisis

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Global Supply Chain Crisis

Surprise! The Global Supply Chain Crisis Shows Signs Of Easing.

The supply chain crisis that has plagued the global economy in 2021 has recently shown some signs of easing. on Nov. 22, global freight prices have fallen over the past two weeks, port congestion has eased slightly, and many factories in Southeast Asia have resumed operations as the outbreak eases.

Lowering Freight Rates Relieves Global Supply Chain Crisis?

Global maritime shipping prices, while still more than six times what they were before the outbreak, have fallen from their peak in … Read the rest

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Global Supply Chain Crisis

The Worst Of The Global Supply Chain Crisis Being Behind Us

The data suggests that the global supply chain distress is easing, or at least has stopped deteriorating.

Average ocean freight rates for 40-foot containers worldwide have fallen for eight consecutive weeks, according to data released Thursday by US maritime consulting and research firm Drewry. Spot rates on the busy Shanghai-Los Angeles route have rebounded but are also down about 19 % from their September peak.

Global supply chain crisis

According to the Southern California Maritime Exchange, 71 container ships were anchored offshore on … Read the rest

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Global Supply Chain Crisis

How To Deal With The Global Supply Chain Crisis

With ports clogged, commodity supply slowed and shipping prices soaring, the global supply chain crisis has surfaced in a number of areas, with many pointing the finger of blame at the shipping industry. Patrick Berglund, CEO of maritime price comparison platform Xeneta, believes that COVID-19 has indeed triggered a container crisis, and that the reasons behind it are strong booking activity and limited supply.

But he also points to a deeper reason: when the outbreak occurred, the shipping industry did not … Read the rest