News / Capacity crunch mark two a possibility, says MSC chief Toft

The fundamentals that caused the capacity crunch and sent global shipping rates skyrocketing have not changed, leaving the logistics industry and global supply chains susceptible to another economic shock, according to MSC CEO Soren Toft.

He told a packed auditorium at the TPM conference in Long Beach, California, that the major cause of global congestion was the failure of infrastructure in the major importing regions to deal with surging demand.

“It would be naïve to say the ports haven’t learned from the ...