Ron Ketcham
Active member
Shipping container prices increasing from average $2000 to over $6000-expect to see in 30 to 60 days.
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Price increases comin !
- Thread starter Ron Ketcham
- Start date
wannafbody
wannafbody
Makes US manufacturing more appealing?
Desertnate
Active member
Makes US manufacturing more appealing?
It make people re-look their operating costs, but I don`t know if it would tip the scale. In the grand scheme of things it may still be cheaper to keep manufacturing off-shore.
It might make a difference with smaller businesses where profit margins and scale of production are much smaller.
Every price increase for goods and services has an underlying reason or cause for it.
I can only guess (more Captain Obvious conspiracy theories) it may be the increase by shipping insurers after the Baltimore bridge incident AND what is happening with ship attacks off the northeast coast of Africa trying to go through the Suez Canal.
Or it`s just simply international business economics due to the governmental trade policies of the current political fiascos by both parties in the USA.
(You, the fellow Autopian reader, can interpret "fiascos" for yourself, but I think you know what it implies... Think shipping companies watching the recent presidential candidate debate about tariffs)
I can only guess (more Captain Obvious conspiracy theories) it may be the increase by shipping insurers after the Baltimore bridge incident AND what is happening with ship attacks off the northeast coast of Africa trying to go through the Suez Canal.
Or it`s just simply international business economics due to the governmental trade policies of the current political fiascos by both parties in the USA.
(You, the fellow Autopian reader, can interpret "fiascos" for yourself, but I think you know what it implies... Think shipping companies watching the recent presidential candidate debate about tariffs)
Desertnate
Active member
This got me curious so I looked it up. It seems to be caused by longer times at sea due to ships avoiding the Suez Canal and Red Sea, bad weather which hit the seas around Asia for a while, and and uptick in demand for goods coming out of China. This lead to a shortage of containers where they are needed and other empty ones where they don`t. There was a similar problem during the pandemic when ports closed and you had containers stuck at one end of a trade route and all the good stuck at the other.