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.

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.

While disruptions haven’t hit levels seen during the pandemic, importers warn that costs will eventually need to be passed along to their consumers, and the latest upheaval is another incentive to bring production closer to points of sale.