Last year in 2020, due to the global epidemic, the global industry was in a state of stagnation for a long time. On the contrary, because of the remarkable achievements in the fight against the epidemic, my country resumed work and production in just two or three months. This has also led to a large number of foreign trade orders returning, and my country’s foreign trade companies are soft when receiving orders, especially in 2021. my country’s foreign trade has played a significant role in economic growth. Break through the 500 billion U.S. dollar mark and hit a record high.
All in all:rising freight rates and shortage of containers are undoubtedly a huge challenge for the foreign trade industry.
Since the outbreak of the global epidemic, global foreign trade has stagnated. Only my country’s foreign trade has been in a growth stage. In this case, freight containers have never returned. This is because the export of other countries has decreased, which has led to a shortage of containers in my country and a sharp increase in container prices. Many companies are miserable. For example, the usual 40-foot cabinets exported to Los Angeles cost 3,000-4,000 US dollars, and now they are 1,2000-15,000 US dollars. The Egyptian 40-foot cabinets usually cost 1,300-1600 US dollars and now 7,000-10,000 US dollars. Can’t get the container. The goods have to be backlogged to the warehouse. If the goods cannot be shipped out, it will occupy the warehouse and pressure the funds. Originally, it seems that receiving orders and receiving a soft business has caused a large number of foreign traders to complain because of the shortage of containers.
The epidemic has brought immeasurable economic losses to people, companies, and countries around the world. I hope that the epidemic will dissipate soon, so that our lives and economic development will return to normal soon!
Post time: Aug-02-2021
