Analysis: Today’s Global Economy vs. Global Container Shipping
MTS Logistics
SEPTEMBER 8, 2023
For example: The global GDP growth rate for 2021 was 6.02%, a 9.1% Freight Rate Volatility Economic slowdowns lead to heightened competition among shipping lines, with companies bidding for a smaller pool of available cargo. Considering higher capacity, with reduced demand, these tools have barely any impact. increase from 2020.
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