The one-two punch of the pandemic and the Great Resignation put shipping companies and ports at a severe disadvantage that both are still working to overcome. Consumers, meanwhile, who largely never gave the shipping industry a second thought before 2020, are learning a lot more about the ins and outs of getting products to manufacturers and stores.
Right now, much of the focus is on the upcoming holiday season, with major retailers like Amazon strongly encouraging users to begin shopping early (through programs like the recently completed Prime Early Access Sale). But how do things look a little further down the line? Here’s what the experts have to say.
GOVERNMENT INTERVENTION REMAINS A POSSIBILITY
While governments have tried to clear a path as much as possible for shipping companies, they’ve resisted a direct hands-on approach through this crisis. But a report from research and data firm IHS released in late September raised the possibility of government intervention in the future, as geopolitical events, rising inflation and other hurdles could cause problems.
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