Shipping Container Shortage–Another Bullwhip Example
Operations and Supply Chain Management
JANUARY 25, 2021
In December, spot freight rates were 264% higher for the Asia to North Europe route, compared with a year ago, according to Mirko Woitzik, risk intelligence solutions manager at supply chain risk firm Resilience360. Compared with last March’s low prices, freight rates from China to the U.S. rates are up 145% year over year.
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