Container Ship Wait-Times at Shanghai Fall, Still High. Container Freight Rates Drop, Still 4x of 2019: “Stabilization of Supply Chain Pressures at Historically High Levels”

by Wolf Richter, Wolf Street: Supply chains improve from catastrophically stressed to just very stressed. Consumer spending in the US has been shifting back from goods to discretionary services, and demand for goods has fallen from the breath-taking stimulus-miracle spike in March and April 2021, as spending on services has surged. In Europe, as similar trend […]