It’s still much more expensive to get products to the U.S. from Asia a year after shipping costs first shot up. The global supply-chain mess, prompted by a surge in consumer demand at a time when factories and logistics companies were hobbled by coronavirus-related lockdowns, is not over, with many companies now saying their main struggle is paying sky-high shipping rates and a list of fees for goods delayed at the nation’s slammed ports.
The higher costs have trickled down to consumers in recent months, helping push inflation to 40-year highs. If shipping rates don’t come down, companies warn they may have to push prices even higher.
Read the full story on Forbes: https://www.forbes.com/sites/amyfeldman/2022/03/28/how-bad-inflation-might-get-according-to-the-companies-that-will-raise-prices/?sh=3ed8bd4865fc
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