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Container shipping in the time of Covid

In: CNB Global Economic Outlook - February 2022

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  • Milan Frydrych

Abstract

Searches for "supply chains" on US Google roughly doubled between June and October 2021, briefly exceeding those for "interest rates". During this period, the price of containers shipped between China and the USA almost tripled, while waiting times for offloading in ports on the west coast of the USA reached record highs. Shipping and transport in general have been the focus of attention in the past year and will most likely remain so for some time to come. The overloading of the global shipping system will subside only gradually, depending mainly on demand for goods and, to a lesser extent, on the future course of the pandemic and related restrictions.

Suggested Citation

  • Milan Frydrych, 2022. "Container shipping in the time of Covid," Occasional Publications - Chapters in Edited Volumes, in: CNB Global Economic Outlook - February 2022, pages 14-18, Czech National Bank.
    • Handle: RePEc:cnb:ocpubc:geo2022/2
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