Supply chain stress collapses worldwide

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Let’s begin with shipping rates:

Did you imagine lockdowns in Shanghai and Shenzhen would drive up the cost of transporting goods from China to Europe? If you did, then you’d be wrong. Here’s what’s happened to the price of taking a 40ft container’s-worth of goods from the Far East to Northern Europe on short notice:

The data comes courtesy of shipping specialists Xeneta. On the Far East to South America East Coast route prices have fallen so dramatically that they’re now lower than they were at this point last year:

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.