Extreme Delays Ahead for US Imports
Trans-Pacific freight delays and extreme port congestion are continuing to delay imports, and may worsen in the coming months as import volumes continue to grow. We will also see fallout from the Suez Canal accident, as resulting congestion at European ports will limit the number of empty containers transported back to Asia. This in turn will reduce the number of available containers available for China to US shipments. Importers should also prepare for higher spot prices as the gap between supply and demand widens.
Lumi recommends placing orders as far in advance as possible and to consider budgeting for air freight in mission-critical cases.