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By Harry Holmes2021-03-12T10:19:00+00:00 Analysts have warned it could be several years before rates return to pre-pandemic levels Gaps could soon emerge on supermarket shelves unless retailers accept a greater share of soaring global shipping costs, suppliers have warned. The cost of shipping containers has risen from around $2,000 per container to $14,000 on routes from China and Southeast Asia over the past three months, driven by a global shortage as a result of the pandemic. Analysts have warned it could be several years before rates return to pre-pandemic levels as shipping companies ...

Share: This is an excerpt from Thursday's (3/12) Point of Sale retail supply chain newsletter sponsored by ArcBest. Retailers are stuck between playing the ocean waiting game and ponying up for air cargo. The number of container ships in San Pedro Bay has hovered around 30 since the start of the year and levels remain stubbornly high. As of Wednesday, there were 31 at anchor. The CMA CGM Marco Polo — with a capacity of 16,022 twenty-foot equivalent units (TEUs) — has been stuck at anchor the longest, since Feb. 27. The median time a container ship spent anchored outside the port last w...

Labor unrest at West Coast ports in 2015 was a landmark event for U.S. importers. Massive congestion amid contentious contract negotiations with the dockworkers union convinced some importers to shift business to East and Gulf Coast ports and diversify supply chains. But despite its lasting impact, what happened in 2015 pales in comparison to what’s ...

Post-Brexit trade disruption and ongoing congestion are causing critical build-ups of containers at UK ports, according to the latest data from Container xChange. The UK’s leading container terminals struggled to cope with the pandemic driven surge of imports last year resulting in lengthy delays for hauliers and vessels and an excess of containers building up ...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero