With the Suez cleared, delayed ships will start arriving soon, according to freight marketplace Freightos. Though congestion and delays are expected to put pressure on rates when that happens, ocean prices from Asia to Europe have not increased yet. That said, strong demand and increasingly scarce capacity – possibly an impact of the Suez disruption…
The continued peak in ocean container demand is keeping ports congested, equipment scarce and creating knock on effects on ocean rates — beyond the Asia-U.S .lanes that are generating most of the demand, according to Freightos. Prices from Asia to the Mediterranean – which are normally 37% lower than Asia-U.S. East Coast rates – skyrocketed…
The electronics industry has literally spent decades improving its supply chain. It only takes one glitch, however, to disrupt the entire process. The manufacturing industry was reminded of this fact in December as a work slowdown in U.S. ports impacted several key manufacturing indices. “The West Coast ports slow-down is really affecting deliveries of our Asian purchases,” said…