Shipping Containers Go From Not Enough to Too Many

Shipping Rates Decline

There’s evidence of shipping rates declining and continuing this downward trend. While shipping rates are trending down, rates are still higher than pre-COVID rates.


Shipping Containers Go From Not Enough to Too Many

As global demand starts to wane, shippers are starting to cancel their container shipments in what is traditionally the peak season (October).

As mentioned above, we’re also seeing shipping rates decline, so with the added capacity, it’s likely shipping rates could come back down to normal in the coming year.


Strong US Dollar Wreaking Havoc for Asian Businesses

Asian businesses are struggling with the strong the US dollar, as prices of their product inputs are skyhigh versus their local currency.

Businesses are trying to juggle keeping selling prices at current prices without driving away customers but taking the hit on higher costs of goods.

Global Procurement & Supply Chain Professionals Read This…

Free Case Study When You Subscribe

…Carefully curated procurement & supply chain issues that make you look smart, sent to your inbox every week.

PLUS: Get the FREE Procurement Case Study when you subscribe: “How McDonald’s Overcame Global Supply Chain Obstacles”

Similar Posts