New figures suggest shipping rates may have passed their peak – but supply chain crisis to continue

Shipping rates from China to the US have “finally slumped” with spot rates halved on some routes due to power cuts and Covid-19 outbreaks in China, according to an industry report. Read more in The Institute of Export Trade News

New figures suggest shipping rates may have passed their peak – but supply chain crisis to continue

How supply chain chaos and sky-high costs could last until 2023

Supply chain woes and port congestion are now getting attention at the central-bank level, given their effects on inflation. Federal Reserve Chairman Jerome Powell recently lamented, “It is frustrating to see the bottlenecks and supply chain problems not getting better. In fact … [they are] apparently getting worse.” Read more in Freight Waves

How supply chain chaos and sky-high costs could last until 2023