Rob, what do you think of the tremendous backlog of ships in Los Angeles and Long Beach California? What’s the cause and how do you see this being resolved?
The cause is fairly complex and is down to a combination of things. Peaks in demand, shortage of truck drivers, shipping container positioning globally, shifts in shipping capacity and rates, power issues in China impacting production, Covid and so on. I think we’ll see 12-18 months of volatility till our various markets settle down.
Rob, what do you think of the tremendous backlog of ships in Los Angeles and Long Beach California? What’s the cause and how do you see this being resolved?
The cause is fairly complex and is down to a combination of things. Peaks in demand, shortage of truck drivers, shipping container positioning globally, shifts in shipping capacity and rates, power issues in China impacting production, Covid and so on. I think we’ll see 12-18 months of volatility till our various markets settle down.