Realties of Declining Global Trade and Transport Rates More Evident
Supply Chain Matters
FEBRUARY 23, 2023
Background Global wide transportation and logistics costs increased at unprecedented rates during 2021 and 2022. That index now stands at $1898 as of this week, with the Drewy WCI Shanghai to Los Angeles sub-index reported at $1959. Earlier this month, the forecast was revised to an expected 2.5 percent decline in global trade.
Let's personalize your content