Is your Business Impacted by the Global Shipping Container Shortage?
You may have seen a meme or two about the Suez Canal recently, but you may not know it was only one part of a global shipping crisis. The international economy is experiencing a shipping container shortage that is impacting businesses big and small. As of right now, containers used to ship larger or bulk product are in high demand and low supply, sending delivery speeds and prices skyrocketing. According to German media outlet Deutsche Welle, some manufacturers shipping product out of China have seen an increase by as much as 100 percent from the beginning of 2020 to now.