Comment / Supply chain radar: Ocean shipping lunacy – something has got to give

You will pay tomorrow*.

And in the meantime…

Bananas 

We have been covering the surging costs of ocean freight for a year or so now. Yes, it’s over a year already.

But as a logistician, acknowledging the almost daily spot market price increases has been akin to watching hyperinflation decimating a banana republic economy.

We are not there (yet) but the inevitable escalating cost tied to shipping products around the world is about to have a double whammy not just on your company’s bottom line, ...