When will shipping return to normal?

We have a number of clients being heavily impacted by the disruption to worldwide trade, which is shown in the very high costs of shipping.  Costs have increased 10 fold in the last 20 months. 

The question on all of their lips is when will they return to normal.  

In this video discussion, MaKinsey’s Saxon and Remes explain why costs remain stubbornly elevated and forecast a possible scenario for the normalization of shipping rates.

Watch the video to learn the following:

  • When shipping rates normalize and at what levels
  • Potential challenges that may prolong record-high shipping costs
  • How shifts in consumption patterns in the United States and the Chinese New Year next February may affect shipping rates
  • What the industry can expect when it comes to disruption in the future and what stakeholders may do in response.

I found the video really interesting, and interestingly the suggestion that prices may return to more normal (not the same as before) after Q1 2022 – and that assumes no new COVID issues – and this weekend’s headlines?

Why are shipping rates still so high and when will they normalize?

Don’t just be set up for just in time but also just in case.

By Charles Whelan on 30/11/2021