Shipping Container Shortage–Another Bullwhip Example
Operations and Supply Chain Management
JANUARY 25, 2021
Ikea’s Singapore operations called it a “global transport crisis” and estimates 850 of its 8,500 products are affected by shipment delays. Compared with last March’s low prices, freight rates from China to the U.S. The shortage is further exacerbated by limited air freight capacity. rates are up 145% year over year.
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