The world faces “very prolonged” disruptions to shipping cargo flows, an executive at leading ports operator ICTSI said, as logistical headaches such as truck shortages weigh on backed-up supply chains and rebounding trade drives up volume.
Major bottlenecks have formed across the globe in recent months due to a surge in demand for retail goods from people stuck at home under pandemic-related
lockdowns and logjams impacting the supply of container ships and boxes to transport cargo.
The situation has been particularly severe in major retail markets such as the United States, where dozens of vessels remain stuck off the West Coast ports of
Los Angeles and Long Beach, unable to discharge.
Source: Economic Times