Tag: freight rate
COVID-19’S IMPACT ON PEAK SEASON SHIPPING
What does a normal peak season look like? It’s when traditional supply and demand factors materialize before the holiday buying season. Peak season takes place from August through October, so importers have enough time to receive their products and place them on store shelves. Most orders happen in Q3 for Asian exports to key markets […]
The Effects of Supply Chain Crises: What to Expect Short and Long Term
A lot of things have happened over the past two years that have affected shipping freight rates. There was, of course, COVID-19, but also trucker shortages, chassis shortages, equipment shortages, a vessel space crunch, the 2021 Suez Canal incident and its aftermath, the Yantian and Ningbo port closures, typhoons in Asia, blank sailings, shorter […]
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 […]