Expert meeting: The maritime supply chain crisis (15/12/2021)
Channel: UN Trade and Development
Date: 17/12/2021

The COVID-19 pandemic has caused unprecedented disruption to maritime transport, leading directly to historically high container shipping freight rates, unpredictable schedules, port congestion and supply chain bottlenecks. Since the second half of 2020, there has been a dramatic increase in shipping freight rates (containers and bulk), including a surge in surcharges and fees. These soaring costs are a challenge especially for smaller and vulnerable economies.

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