MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
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An ‘aggressive’ fight over containers is causing shipping costs to rocket by 300%
By artappraiser on Mon, 01/25/2021 - 2:21am |By Weizhan Tan @ CNBC.com, JAN 24 8:58 PM EST
KEY POINTS
- Shipping costs have skyrocketed as desperate companies wait weeks for containers and pay premium rates to get them, according to industry watchers.
- Ikea’s Singapore operations called it a “global transport crisis” and estimates 850 of its 8,500 products are affected by shipment delays.
- Chinese tech giant Alibaba’s logistic arm Cainiao launched a container booking service last week in response to the global shortage. [....]
URL:
https://www.cnbc.com/2021/01/22/shipping-container-shortage-is-causing-shipping-costs-to-rise.html
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