Consumer Demand Skyrockets as Trans-Ocean Trade Challenges Continue

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All Credit to Greg Miller, Senior Editor at Freightwaves for Article Distribution

Friday, April 2, 2021

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Link to Full Article

Let's hit the high points:

1. Consumer inventory restocking is outpaced by demand, therefore increasing the necessity for additional import volume

2. As a result of #1, booking placement frequency has increased to attempt to meet the growing consumer demand

3. While the Suez has been cleared, the impact of the impasse has yet to be fully experienced

4. With less sailings as a result of attempts to mitigate the Suez canal impact, there will be less empty equipment returned. This will compound the already concerning equipment shortages felt this year.

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Satellite view of ships waiting to pass Suez canal after re-floatation of Ever Given

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