The current spike in shipping costs caused by ocean carriers routing away from the conflict in the Middle East could seep into longer-term rates if the federal government waits too long to help mitigate potential backups at U.S. ports, according to retailers.
“While many are focusing on the current situation, more challenges will be created the longer these disruptions continue,” said Jonathan Gold, vice president of supply chain and customs policy at the National Retail Federation, testifying...
https://www.freightwaves.com/news/red-sea-cargo-diversions-could-affect-2024-holiday-shipping