2024-01-15 19:31:34
In addition to the already existing transportation problems around the Red Sea, companies trading with Asia will also be affected in the coming weeks by the Lunar New Year. Factories in China, for example, will close for at least a week and several companies will want to anticipate the transport of goods out of the country. But due to the diversion of ships via the Cape of Good Hope, south of Africa, there is a risk of a local shortage of containers in China, which might push up container prices.
According to evofenedex, which represents the logistics and commercial interests of thousands of companies in the Netherlands, this shortage of containers might have consequences for the prices of goods. This should however be temporary, specifies the association, which indicates that there was until now an overcapacity of ships and containers in China, which should still be the case following the Lunar New Year. “This has a moderating effect on prices,” explains Casper Roerade of evofenedex.
The association also expects delivery delays to decrease despite the diversion via the Cape of Good Hope amid predictions of a continuing situation in the Red Sea. Delivery times will be better taken into account over the months, estimates evofenedex. The organization adds that only sectors with products with restricted deadlines, such as fruit and vegetables, electronics or retail, might suffer the consequences of these delays.
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