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The Potential Impact on Shipping of a Global Recession

Intelligent Audit

In a fairly ominous report sent out this week, Morgan Stanely stated that “Global recession in 2020 is now our base case.”. Shipping, especially global shipping, is uniquely vulnerable to recessions and the effects of the downturn of 2008-2009 are still being felt today. Which, in turn, will drastically impact shipping.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

In Fortune 500 earnings calls for Q3 of 2021, “supply chain” mentions were up 412% from Q3 in 2020. Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. higher than 2020. As of 2020, only 12% of semiconductor chips were made in the United States. (