Market insights
The shipping and ship supply industries have suffered from port congestions, freight rates, and crude oil prices at an unprecedented level for many months now. Transit times and price level still remain far above pre-pandemic levels, radically impacting the commodity prices and general market conditions. However, for the first time, we see minor inclines in transit times, freight rates, and crude oil prices.
This market and business update intends to give you an overview of expected fluctuations within the most important commodities, freight rates, supply chain challenges, and the additional effects of labor shortages, increased lead times and delays in major ports. Finally, we sum up what Wrist Global Procurement continuously does to mitigate and reduce the inflationary impact.
