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Container Shortages
Container Shortages and Port Congestion Leads to Increasing Freight Costs
How did the container shortage come about? Only 40% of containers shipped from China to North America were returned to China after China’s Covid-19 recovery and during the shutdowns in the Western hemisphere. This means almost half of those containers are unusable. On one hand, container manufacturers are not producing them fast enough to...
2 August 2021