Synopsis
The problem resembles those in the car industry, where auto makers cut computer chip orders early in 2020 expecting a slump in sales, only to see household consumption prove resilient.
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Production rose to 300,000 20-foot equivalent units in September, then to 440,000 in January.
The world’s biggest makers of shipping containers are scrambling to meet a surge in demand for the metal boxes that shuttle some 90% of the goods around the global economy.
A trade boom in the second half of last year caught the container producers mostly Chinese companies by surprise as the pandemic threw the existing supply of about 25 million boxes off their normal routes. The manufacturers have been ramping up output ever since, but they’re unable to alleviate shortages that have underpinned soaring freight rates for six months.
Shortage of New Shipping Containers Adds to Global Trade Turmoil – gCaptain
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Exporters take steps to ease container shortage
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