There may be light at the end of the supply chain tunnel of gloom
High inflation, elevated energy costs, raised interest rates and a lack of labour are the ...
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The combination of congestion at US west coast ports and low interest rates is allowing US importers to use containerships as ’offshore warehouses’, mitigating logistics costs.
According to freight visibility company project44, transit times from China to Los Angeles have nearly tripled, with freight taking up to 60 days to be cleared through LA and Long Beach ports – its data suggests an average of 540,255 teu per month was waiting to berth at LA.
Figures from p44 and HSBC estimate the ...
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