News Snapshot:
Recent vessel-tracking data from project44 has revealed substantial year-over-year increases in vessel and shipment delay times across most major trade lanes connecting China to the rest of the global economy. These longer lead times cast a spotlight on already overburdened transportation networks and ongoing supply chain disruptions. For many businesses, the unrelenting supply-side bottlenecks and increasing transportation costs are impacting their ability to meet customer demands and forcing them to pass costs on to their customers, causing upward pressure on global inflation. While select China-US West Coast routes schedules have improved significantly over the past months, data gathered by project44...
