The blows to the global supply chain never seem to end in 2021, resulting in delays that have sharply reduced the system’s effective capacity and put upward pressure on shipping rates that began reaching record highs months ago.
In July 2021, container shipping rates between U.S. and China have scaled fresh highs above $20,000 per 40-foot box. The acceleration in Delta-variant COVID-19 outbreaks in several counties has slowed global container turnaround rates.
Previously in June. Transporting a 40-foot steel container of cargo by sea from Shanghai to Rotterdam costed a record $10,522, a whopping 547% higher than the seasonal average over the last five years, according to Drewry Shipping.
With upwards of 80% of all goods trade transported by sea, freight-cost surges are threatening to boost the price of everything from toys, furniture and car parts to coffee, sugar and anchovies, compounding concerns in global markets already bracing for accelerating inflation.
Will this have an impact on retail prices? My answer has to be yes. For international trading counterparts, it’s really important to find each the reliable, long-term cooperators to negotiate acceptable shares of the shipping costs. The measure enables international companies to go through the hard time.
Radiant Glass took measures in advance while learning the news. We tried to inform our clients by any available contacts. “If you have purchasing plans recently, please take a step as soon as possible, because the surge in shipping cost is still going on sharply”, sent to our clients. “We really consider customers’ urgent demands from their angle, and trying our best to serve and support them sincerely.”, said by the funder, CEO of Radiant Glass Khang Yang.
Post time: Sep-28-2021