COVID-19 showed the vulnerabilities of transportation; clogged ports, expensive cargo capacity and emergency shipments.
Just when everyone thought normalization was on the horizon, the conflict in Ukraine contributed to product-line closures, transportation delays and spiraling input costs.
These issues have contributed to large increases in commodity prices and a troublesome spike in inflation. The consumer is prepared to expect higher prices around the globe.
Due to shortages of containers, equipment, and labor, it is unlikely that ports, shipping, rails, and trucking issues will be quickly resolved.