First post on P&B I think and here I go on a work related post
I work in Shipping and Logistics and the ongoing disruption in the Red Sea is going to cause huge supply chain issues.
A month or so ago you could ship a 40' Container from China to UK for USD 850. Now you are lucky if you can get one shipped for USD 5800. So much for the cost of living crisis coming to an end.
Container shortages and equipment imbalance globally will also start to impact supply chains and potentially cause shortages of certain goods.
A few more weeks of this, especially as we approach Chinese New Year shutdown, will see costs continue to rise for at least the next quarter.
Can't believe I just took the time to type that. As if I don't waffle enough about this shit 9-530 every day
