Shipping Container Crisis Ignites Global Trade Disruptions

Capt. John

Disruption to supply chains triggered by the impacts of Covid-19 has ignited a worldwide shipping crisis, with prices of shipments skyrocketing due to a shortage of containers. Often headlined as the perfect storm, a combination of pressures has escalated shipping costs to more than four times the normal rate, threatening the stability of businesses that depend on these trade transport lines, reports Forbes.

A Wave Of Pressures

According to the Financial Times, the price of a 40-foot container...

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