After a period of relative sanity, another wave of shipping congestion is expected to happen soon. By now weary retailers are familiar with the drill and are recalibrating supply chains and warehousing and manufacturing strategies.  

At the moment, congestion has improved, according to a report in Avison Young, with only about 30 ships waiting offshore versus the 100 that lined up during the height of the pandemic.

But hold ups are expected to continue until at least the beginning of next year, according to its Sightlines report. Rising shipping costs, longer transit times and continual uncertainty has become the "new normal" for the shipping industry.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.