Primary Sector

Alliance says global shipping crisis likely to continue

Rebecca Howard
Thu, 16 Dec 2021

Alliance says global shipping crisis likely to continue
Container availability has plunged and freight rates have skyrocketed. (Image: Pexels)
Rebecca Howard
Thu, 16 Dec 2021
Covid-19 market challenges evident in 2020 became a full-flown logistics crisis in 2021, Alliance chair Murray Taggart told the food company's annual meeting.Sales strengthened as global markets reopened but logistics problems worsened as container availability plunged and freight rates skyrocketed, he said."Even today there is no real light at the end of the tunnel," he said. Importantly, “logistics challenges bring cash challenges” because customers don’t pay until they receive the goods. The result w...

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