How long is the shipping crisis going to last?

How long is the shipping crisis going to last?

“So we are saying we expect quite a strong first half of 2022, and then we expect what we call a normalization early in the second half.” That view added a glimmer of optimism in an industry bogged down by labor shortages, port congestion and COVID-related disruptions.

Is the shipping crisis getting better 2022?

As the year begins, we remain in the midst of the most severe crisis in container supply chains going back to Malcom McLean, who founded the container shipping industry in the late 1950s. As 2022 begins, the situation is not improving. We would like to be able say that we see signs of the log jam breaking.

Is the shipping container crisis over?

Outlook for 2022: No one really knows when the pandemic will end. However, shipping industry insiders say soaring freight costs and port congestion could last for many more months, perhaps into 2023. “The whole system has become one gigantic bottleneck,” said Soren Skou, the chief executive of shipping group Maersk.

Is there still a shipping shortage?

No End in Sight for the Shipping Container Shortage Experts predict that the shipping container shortage is likely to continue well into the future. Distributors, logistics professionals and most businesses will need to prepare for ongoing disruptions as shipping containers remain in short supply.

Will freight rates go up in 2022?

After a year in which freight rates continued to set new highs, spot rates are on the decline in 2022 with experts pointing to a series of factors likely contributing to an ongoing decline.

Why is there a container shortage in 2021?

The container shortage, economists say, is a byproduct of the pandemic. Coronavirus-related shutdowns disrupted the global movement of freight while boosting demand for consumer goods.