Why is there a container shortage ?

 

Every company engaged in international trading business has recently come accross a problem of increasing freight costs and limited available space on vessels. The main cause of container shortage goes back to Covid-19 which entailed a sequence of events resulting in the lack of containers to load goods into, such as :

 

  • The lockdown conditions that disrupted the workflow in ports
  • The worldwide economic activities that started to recover in an unbalanced way
  • The Chinese National Holidays in October 2020
  • The new shipping lines regulations
  • Lack of manpower and vehicles in North America

All of this is explained in the video below :

 

 

 

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