This is the question that I am asked on a daily basis. The issue is very complex, so I usually quip with a surprising response, “They’ve always had issues, but no one was really paying attention.” Turns out, unless the person works in freight, they are very unsatisfied with this answer. After all, freight and products just seemed to automatically show up before, but that is no longer the case.
Anyone that has been around...
https://www.freightwaves.com/news/why-are-supply-chains-so-messed-up
Ocean freight rates are rising steadily as high demand has led to a shortage of containers and to congested ports, reports korea joongang daily.
SCFI A Record HighThe Shanghai Containerized Freight Index (SCFI), a barometer of ocean freight rates, hit 3,343.34 points on May 14, a record high. On year, it is up three-fold.
While the SCFI has been rising steadily during the pandemic, it has spiked since March when the Ever Given blocked the Suez Canal for six days.
Forty-Foot Equivalent UnitA...