The worst is probably over for the global supply chain. However, there are still some lingering issues that are going to be faced by the industry, according to the shipping association.
This is coming from the chairman of the shipping association. We are indeed thinking that there is a ray of light at the end of the tunnel, and it seems that the light is not a train. It had been some hard months when the shipping costs went on up and up and continued to rise.
The people and the business owners were wrecked because of this. There seemed to be no end to all of this, so this news might come as a relief to you. “There may still be swings, but overall, I think the worst is over,” said Esben Poulsson in a news statement. He is the one who currently chairs the International Chamber of Shipping.
We are sure hoping that the situation gets better soon. The shipping charges had been sky high, and just a few days ago, we had a talk with the owner of a company who said that the shipping charges had gone up 500% since last year, and that is horrifying to even think about.
Read Also:
- Facebook Shares Drop Nearly 5%
- Weber, Microsoft and More Stocks Making the Moves in the Premarket
- U.S. Blacklists Dozens of Chinese Tech Firms Citing National Security Concerns
- Apple Shares Hit Record After Report Says the Company Wants to Build Self-Driving Car As Soon As 2025
We are really in the depths of despair, and the words from an experienced person telling us that the worst might be over is like music to our depraved ears. It is not the solution, or we should say the complete solution of the problem, but it is a start, and we are happy to share this news with you.
“Although there have been some change and some improvements, the problem has not gone away and will not go away until governments fulfill their obligations properly,” he said in the statement as he tells us about the situation. That’s all for now.
