Ocean Freight Hike and Pakistan

Shahid Razzaque ()

No 2021:48, PIDE Knowledge Brief from Pakistan Institute of Development Economics

Abstract: The Covid-19 pandemic has affected the global life very seriously. The impact of the disease on society and economy can be witnessed from the lockdown of cities all over the world, labour mobility restrictions, travel bans, airline suspensions, and most importantly slowdown of the economy. This has also badly affected the global supply chain. We can say that a chain is only as strong as its weakest link. Thus, while examining the global supply chain, certain weaknesses such as massive dislocation in the container market, closure of shipping routes, lockdowns at ports, barriers to international flights resulting in blockage of air cargo, trucking lines, railways and even in warehouses. This resulted in creating a shortages of key manufacturing components, order backlogs, delivery delays and skyrocketing hike in the transportation cost affecting the consumer prices.

Keywords: Ocean Freight; Hike; Pakistan (search for similar items in EconPapers)
Pages: 8 pages
Date: 2021
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