Shipping Container Shortage–Another Bullwhip Example
Operations and Supply Chain Management
JANUARY 25, 2021
An ‘aggressive’ fight over containers is causing shipping costs to rocket by 300%. Shipping costs have skyrocketed as desperate companies wait weeks for containers and pay premium rates to get them, according to industry watchers. Compared with last March’s low prices, freight rates from China to the U.S. KEY POINTS.
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