Shipping Container Shortage–Another Bullwhip Example
Operations and Supply Chain Management
JANUARY 25, 2021
An ‘aggressive’ fight over containers is causing shipping costs to rocket by 300%. Shipping costs have skyrocketed as desperate companies wait weeks for containers and pay premium rates to get them, according to industry watchers. and Europe have surged 300%, Mark Yeager, chief executive officer of Redwood Logistics, told CNBC.
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