- According to the Financial Times, the cost of shipping goods from China to Europe has more than quadrupled in the past eight weeks.
- MetalMiner's own research has found the worst increases are on the China to US West Coast and Northern Europe routes.
- NRF estimates container volumes at US ports in March will soar 41% from a year ago to 1.93 million twenty-foot equivalent units (TEUs), even as the port's capacity is reduced by a shortage of workers and dreadful port congestion.
For further details see:
Global Supply Chains Under Pressure Amid Rising Costs, Delays