International shippers have a lot on their plate as the U.S. import boom intensifies and they brace for fresh price hikes while the worldwide container shortage shows no signs of letting up. With the $500 billion growth in consumer spending during January and the passage of the stimulus package, it remains unclear how the current global container shortage crisis will play out in the coming months.
One developing impact, however, is that US businesses are struggling to find new answers to deal with port congestion. A trend is shippers trying to trans load on the coast and arrange inland moves with dedicated trucks. Also certain is the industry’s need for increased supply chain visibility as well as vertical and horizontal collaboration. At least airlines are making moves to ease bottlenecks by reducing the sector’s dependence on passenger hubs and creating more innovative handling systems for e-commerce cargo.
To learn more about these industry-specific issues, check out the following article highlights:
