July 7, 2022
By Paul Bergeron
After a period of relative sanity, another wave of shipping congestion is expected to happen soon. By now weary retailers are familiar with the drill and are recalibrating supply chains and warehousing and manufacturing strategies.
At the moment, congestion has improved, according to a report in Avison Young, with only about 30 ships waiting offshore versus the 100 that lined up during the height of the pandemic.
But hold ups are expected to continue until at least the beginning of next year, according to its Sightlines report. Rising shipping costs, longer transit times and continual uncertainty has become the “new normal” for the shipping industry.
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