Will Ocean Freight Rates Continue to Rise?
SHC GROUP Freight rates have skyrocketed since lockdowns went into effect at the start of COVID-19 in March 2020. The increase has pushed retail prices to unexpected levels, affecting businesses that were facing mass shutdowns and store closures, and consumers who faced difficulty with income losses and higher prices. A series of reasons were behind […]
RISING COVID INFECTIONS THREATEN TO FURTHER STRAIN THE SUPPLY CHAIN
COVID-19 RISING COVID-19 INFECTIONS ARE A SERIOUS CONCERN IN THE ALREADY STRAINED MANUFACTURING SECTOR. Lockdowns in Southeast Asia are slowing production due to supply and demand imbalances. In China, Shanghai and Yantian ports are experiencing increased congestion. All the while, U.S. importers are scrambling to keep up with consumer demand and low inventory. The United […]
GLOBAL TRADE AND SHIPPING ACTIVITY BOUNCING BACK, CREATING NEW CHALLENGES POST-COVID
SHC THE COVID-19 PANDEMIC WAS A MAJOR DISRUPTOR FOR THE GLOBAL SHIPPING INDUSTRY. SHC Demand for goods plummeted as nations locked down and individuals began to quarantine. Supply chains collapsed as factories shut down and ports closed due to health and safety concerns. Delays increased as manufacturers and logistics companies added new layers of safety […]
RIPPLES SPREAD EVERYWHERE: GLOBAL SHIPPING RATES CONTINUE TO RISE WITH NO END YET
Under normal market circumstances, there are always some trade lanes which are strong and some which are weak. If this imbalance persists, then gradually, capacity will be moved out of the weak trade lanes and into the strong trade lanes. However, this is a process that normally operates over very long time frames. RIGHT […]