Realties of Declining Global Trade and Transport Rates More Evident
Supply Chain Matters
FEBRUARY 23, 2023
During 2022, as consumers shifted their physical goods buying patterns away from products and into travel and services, global shipping volumes steadily declined and so did spot rates. The Drewy World Container Index , which stood at $9,304 per 40-foot container at the beginning of 2022, was reported as $2,120 by the end of 2002.
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