Realties of Declining Global Trade and Transport Rates More Evident
Supply Chain Matters
FEBRUARY 23, 2023
Background Global wide transportation and logistics costs increased at unprecedented rates during 2021 and 2022. The Drewy World Container Index , which stood at $9,304 per 40-foot container at the beginning of 2022, was reported as $2,120 by the end of 2002. Earlier this month, the forecast was revised to an expected 2.5
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