Global shipping-market strain revives fear of inflation comeback

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Global shipping-market strain revives fear of inflation comeback - Economic Times

Quick Summary:

Jason Starr of Globe Electric witnesses rising container rates akin to the pandemic crisis and Nomura economists warn of inflation.

In a recent research report, Wells Fargo economists Tim Quinlan, Shannon Seery Grein and Nicole Cervi wrote that “today’s higher shipping costs are unlikely to be completely passed on to the final purchaser.

Adding to the impetus: the threat of higher US tariffs on Chinese imports.“The only bright side here is a better understanding of the problem that we continue to have” with disruptions, said Stephen Lamar, president of the American Apparel & Footwear Association, which represents over 1,000 leading brand names.“That doesn’t mean that problem is any easier to manage or deal with.