Idle containers leave global supply chains fractured
Major US ports are overwhelmed with shipping containers from Asia; box availability in China is at a new low
Add BT as a preferred source
Singapore
THE global trade imbalance due to Covid-19 has resulted in a mismatch between where sea containers are and where they need to be, causing supply-chain bottlenecks that have spread to Asia and may, at best, start to improve only by the second half of this year.
Container availability across China, the world's factory and a major exporter, is at a record low. In contrast, major ports in the US are overwhelmed by a surge of shipping containers from Asia, but unable to fill the empty containers and have them shipped back to Asia on time.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
COEs for large cars up 4.3% at S$126,236, mainstream cars near S$125,000
‘We’re not a bubble tea brand’: Chagee aims to double Asia-Pacific footprint to 600 stores by 2027
