Global shipping strain increases inflation concerns due to surging container rates on Asian cargo ships.
Global shipping strain due to tight bookings on Asian cargo ships has resurfaced inflation concerns as container rates surge. The $25 trillion pandemic impact on global goods trade led to economic scars and shortage fears, but also created buffers for companies. Central banks face challenges from a potential inflation rise, with some firms considering re-shoring production closer to points of sale.
July 18, 2024
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