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The Examples and Benefits of How AI Changes Businesses

The Examples and Benefits of How AI Changes Businesses
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The Weekly Look at Staff Moves Starts with New Warehouse Association Bosses - Latest industry shipping news from the Handy Shipping Guide

The Weekly Look at Staff Moves Starts with New Warehouse Association Bosses - Latest industry shipping news from the Handy Shipping Guide
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shipping: Higher shipping costs are here to stay, sparking price increases

Synopsis
The higher shipping costs have been sparked by a combination of factors, including soaring demand amid stimulus checks, saturated ports, and too few ships, dockworkers and truckers.
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Spot container rates from Asia jumped in 2020 and have stayed elevated.
Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers.
The price for a container of goods from China to the U.S. West Coast and European ports has hovered near record highs for several months, and conditions are ripe for more increases even though spot rates usually soften this time of year. What’s more, new contracts being signed by some of the biggest U.S. importers indicate the spike won’t be a short-term blip. ....

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High Shipping Costs Are Here to Stay Says Bloomberg – gCaptain

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By Henry Ren (Bloomberg) Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers.
The price for a container of goods from China to the U.S. West Coast and European ports has hovered near record highs for several months, and conditions are ripe for more increases even though spot rates usually soften this time of year. What’s more, new contracts being signed by some of the biggest U.S. importers indicate the spike won’t be a short-term blip.
Most large retailers and manufacturers sign annual deals with the ocean carriers to lock in their container freight rates, in private negotiations that typically take place this time each year. ....

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Higher Shipping Costs Are Here to Stay, Sparking Price Increases

Higher Shipping Costs Are Here to Stay, Sparking Price Increases
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