Why Are Container Shipping Prices Plummeting?

Credit: Timelab Pro/Unsplash

As the cost of living crisis affects consumer purchasing and the impact of the pandemic-related supply chain disruption lessens, the cost of shipping goods on important global commerce routes has decreased by 85% from its peak, as reported by FT.

Decline in demands

This month it cost $1,444 to ship a standard 40ft steel container from eastern China to the US west coast at short notice, according to shipping data specialist Xeneta, down from a peak of $9,682 in March...

https://mfame.guru/why-are-container-shipping-prices-plummeting/

Never Ending Supply Chain Disruption And Demand Surge Effect

Credits: Maxim Hopman/ Unsplash
  • A recent report by SAP shows that more than half of the surveyed firms see no end to the turbulence, expecting the problems to last the first six months of 2023.
  • The increased use of big data is raising the need for more efforts to bolster cybersecurity.
  • Firms may have powerful technology but may lack individuals who can understand what data is being aggregated and what the system is telling them.

Congestion has eased as demand slowed in recent months, but supply...

https://mfame.guru/never-ending-supply-chain-disruption-and-demand-surge-effect/

The Forecast Isn’t Promising At Its Busiest Season Of The Year

  • The shipping industry is worth trillions of dollars, carrying 90% of all globally traded goods, according to OECD data.
  • Enda Breslin is general manager for EMEA at global fulfilment provider ShipBob.
  • The cost of shipping a shoebox-sized parcel from the UK to America has risen by nearly a third in just 12 months, the study found, from £15.73 to £20.56.

The sector is planning a course through supply chain difficulties, including increased costs and climate disruption, before the peak shipping...

https://mfame.guru/the-forecast-isnt-promising-at-its-busiest-season-of-the-year/

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