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