The impact of congestion and capacity on businesses and what to expect?
Shipping and Freight Resource
JULY 9, 2021
‘Severe Acute Respiratory Syndrome Coronavirus 2’ (SARS-CoV-2) better known as COVID-19 was declared as a pandemic on the 11 th of March 2020. Due to the closure of many Chinese ports in early 2020, imports dropped by around 5.2% In the middle of this congestion and capacity crunch, the freight rates continue to increase unabated.
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