The end of the supply chain crisis and what we need to learn for the next one(s)
The period of 2020 to 2022 saw a historical spike in container freight rates. At its peak, the Shanghai Comprehensive Container Freight Rate Index was five times higher than the pre-covid average. Container ship earnings surged even more, to almost nine times the pre-covid average, explains Mr. Jan Hoffmann, Head, Trade Logistics at UNCTAD.
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