Global shipping bottlenecks set to prolong supply chain turmoil
Tenfold jump in costs since start of pandemic squeezes importers and exporters The closure of a terminal at the world’s third-busiest container port is only the latest sign that turmoil in ocean shipping could run into next year, posing a threat to global economic growth as chronic delays and soaring transport costs may leave demand unmet and push up consumer prices. A coronavirus outbreak led to a partial shutdown at Ningbo-Zhoushan port last month and the resulting suspension of inbound and outbound container ships reduced the port’s capacity by a fifth. It ...
Register for unlimited access
We work hard to bring you the latest news in the world of international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
Thousands of quality articles
In-depth analyses of market trends
Exclusive market price insights
And much more!
