Shipping container shortage has made it expensive to move sugar, coffee and copper around the world by sea, says an article published in The Wall Street Journal.
High freight ratesOcean freight rates began to soar last summer, and haven’t let up.
What is the reason?That is partly because consumers, unable to spend money in restaurants, have splashed out on goods that move by sea. Retailers and manufacturers, meanwhile, have rushed to rebuild inventories.
Container shortageThe shortage of 40-foot...
https://mfame.guru/container-shortage-adds-impetus-to-commodity-prices/