Global Supply Chain Crisis Unlikely to End Anytime Soon

As global port congestion remains frantic and operational costs still high, the possibility of land and sea supply chain difficulties ending anytime soon is low and there is no quick fix to solve the problem.

Recent demurrage charges amounted to €3,500/tonne a day.

The market is dealing with unreliable deep sea import deliveries, and continues then with land transport difficulties once the imports arrive.

While the time differs according to the origin of the shipping line, the delays can reach three-to-four weeks.

Most delays have come off their peak, but still have an impact on markets.

The problem does not end once the ships arrive. Finding the trucks then becomes the problem as there are not enough truck drivers for the supply chain to run smoothly.

The lack of containers has resulted in a preference for break bulk, but the organization is laborious. But break bulk comes with risks such as loss of product and contamination.

Some buyers have been able to buy smaller volumes such as 500 tonnes, due to them combining their volumes with other customers.

The continued high sea and land freight costs and problems are just part of the rising production costs, and problems facing raw materials and energy.

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now


Do you need to access special insights on this matter?

Start your 7-day free trial  and become a member today


Subscribe to Top Insights Today

Subscribe to Executive Newsletter Top Insights Today

The Executive Newsletter -Top Insights Today- puts global business events in perspective through special insights

Join the ranks of global executives and subscribe to Top Insights Today

Top Insights Today covers insights on energy, clean-tech, oil&gas, mining, rare earths, defense, aviation, infrastructure, manufacturing, electrical vehicles, big-tech, finance and politics of business

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

Special Report-Four Arab States Agreed to Lift Qatar Embargo

The three year embargo against Qatar by Gulf States comes to an end after Saudi Arabia announced that it would open land, naval and aerial borders with the country. 

Lithium Prices Continue to Climb As Chinese Inventories Remain Low

The past year has seen lithium prices to soar following heavy demand from the automotive sector, but in China there is a fierce competition, especially for carbonate. Carbonate continues to surge in 2022 after more than quadrupling last year. 

Lockheed Martin to Make $1 Billion Manufacturing Investment in Saudi Arabia

Lockheed Martin is planning to invest more than $1 billion in Saudi Arabia for manufacturing. The company funds will support the kingdom’s military industry regulator GAMI and state owned defense firm SAMI to strengthen local industry. Saudi Arabia has been looking to diversify its economy away from oil and use its power as a major arms buyer to attract investment. 

Stay informed

error: This content is protected !!