3PL Services Market is Set To Fly High in Years to Come
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3PL Services Market is Set To Fly High in Years to Come
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Warehousing And Storage Market in Diversified Support Services Industry to grow by USD 326 91 billion
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Synopsis
Containers stuck in freight yards with no one to pick them up are at record levels, as are the charges related to such so-called detention of equipment.
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Some shippers are turning to costly air freight out of concern about ocean-cargo delays.
A worsening traffic jam clogging global cargo arteries won’t ease up until after the 2022 Chinese New Year in February, said the head of one of the world’s largest freight brokers.
The supply chain is suffering from a “dramatic lack of capacity” for ships, trucks, trains, containers and warehouse workers, said Bob Biesterfeld, chief executive officer of C.H. Robinson Worldwide Inc. said. Labor shortages are keeping trucks idle and containers stuck at distribution centers, which is capping capacity.