![]() Due to its complexity and transcontinental nature, container shipping was hit especially hard by the COVID-19 pandemic. The COVID-19 pandemic turned out to be an event of such a magnitude to either bring to halt whole industries and supply chains, or severely reduce their efficiency. that need to function properly for the whole system to work. The global supply chain is a fragile system consisting of numerous links and disruption to one can send cascading effects down the chain. In September 2022, the global freight rate index stood at 4,000 U.S. The year 2021 saw an especially steep increase in global freight rates, reaching a record price of nearly 10,400 U.S. ![]() Monthly container freight rate index worldwide 2019-2022Ĭontainer freight rates increased dramatically between January 2019 and September 2022.
0 Comments
Leave a Reply. |