2020 not only brought about a global health crisis with the COVID 19 pandemic, it also became the origin of a different problem that still affects the shipping industry to this day, a container shortage.
The shortage may seem to affect only the logistics industry but, in reality, it has repercussions on every level of commerce from manufacturers, to the traders and even the retailers. With the rising price of freights all around the world, as well as unpredictable lockdowns in major ports and cities, the situation seems far from over.
During the first months of 2020, COVID 19 forced most countries into lockdown, which forced ports to operate with a reduced number of employees, thus reducing their capacity to handle cargo at the speed the market requires, stopping thousands of containers at port, and causing delays.
While supply chains worldwide have been disrupted by this, one of the regions that present the most problems is the Asian market. We must remember that China was the first country to be hit by the pandemic and quickly applied measures to try to reduce its impact on the population. China was also the very first country to reactivate its economy, months before anywhere else.