Supply Chain Strain
This container shortage is a major contributor to the increased ocean freight rates. The result has turned shipping from Asia into the Wild West where companies are paying a “premium” to the shipping lines to get space and a booking. The pandemic and uneven global economic recovery has led to this problem popping up in Asia and other parts of the world.
By the end of March, 22 container ships were anchored at LA-Long Beach. 29 were anchored a week earlier. Experts predict this situation to continue at least until late spring if not longer. There is no quick short-term solution or fix for this.
FMi Logistics’ advice to shippers is to give your logistics partner as much lead-time as possible to ensure our ability to secure bookings and equipment. Working with our long-term Asian and European partners we have been able to secure equipment and keep our customers supply chains moving. Let FMi Logistics take the stress out of international shipping. Contact us today.