After the pandemic-driven surge in consumer demand that triggered a frenzy of shipping activity and skyrocketing prices, logistics and transportation companies are signaling a fast slowdown. Shipping and wholesale prices are plunging and orders are not being placed as often.
Disruptions in the Container Shipping Industry
With consumer demand wavering and retailers coping with excess inventories at overstuffed warehouses, global container volumes fell 8.6 percent in September, according to maritime data group Container Trade Logistics. This is the lowest level reached since February, during a period when shipping is usually at its peak.
