Shipping Costs Likely to Remain at Record Levels Until 2022 amid Persistent Supply Chain BottlenecksEverstream Team
Within the past year, transportation costs to ship containers from Asia to North America and Europe have been rising at a historic pace as the supply chain industry experiences persistent congestion at major gateways. Consequently, ocean transportation capacity will likely remain tight until at least Lunar New Year 2022, and even into the summer of 2022, as shippers continue to drive up rates.
Download the latest Everstream Analytics report to find out how a long-term rising shipping cost crisis will likely hit cargo shippers ranging from food and beverage companies to retailers and automakers.
- Overview of how congestion at major gateways exacerbates container imbalance
- Review of all-time high ocean freight spot rates amid bidding wars
- Projections of long-term impacts
- Everstream Analytics solutions to mitigate risk