Threat of rising oil price adds to frustration for crisis-hit supply chain chiefs
New warnings from the World Bank of surging oil prices, adding to the continuing instability ...
But while demand is expected to increase, the supply chain problems that have been prevalent over the past year – port congestion, empty container shortages and so on – will persist, and it is currently inconceivable that freight rates would decline in these circumstances (we warned you in December: “Beware. The ocean freight madness is here to stay“).
Obviously, it cannot go on forever – at some point the ports will clear; more newly manufactured containers will enter the market, as ...
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Alex Lennane
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During August 2023, please contact
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Alessandro Pasetti
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