Container shipping in the time of Covid
Milan Frydrych
A chapter in CNB Global Economic Outlook - February 2022, 2022, pp 14-18 from Czech National Bank, Research and Statistics Department
Abstract:
Searches for "supply chains" on US Google roughly doubled between June and October 2021, briefly exceeding those for "interest rates". During this period, the price of containers shipped between China and the USA almost tripled, while waiting times for offloading in ports on the west coast of the USA reached record highs. Shipping and transport in general have been the focus of attention in the past year and will most likely remain so for some time to come. The overloading of the global shipping system will subside only gradually, depending mainly on demand for goods and, to a lesser extent, on the future course of the pandemic and related restrictions.
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:cnb:ocpubc:geo2022/2
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