Shipping costs have increased at alarming rates, threatening global ag commodity trade and other economic sectors that depend on barge transportation to reach end-users. One report showed container shipping costs increased 145% on routes from Asia to the West Coast. High prices and a battle to secure containers have caused food retailers to delay purchases, bulk buy supplies or just cancel altogether. Container shortages quickly became apparent during Covid-19 supply chain disruptions as the average container turnaround time increased from 60 days to 100 days. An estimated 170 million shipping containers are used to transport around 90% of the world’s tradeable goods. Find out how digital platforms may help cut out the middle man and revolutionize the global shipping industry.
Featured
-
400 Farm Groups Advocate for Protecting and Enhancing Crop Insurance in the 2023 Farm Bill BudgetMarch 16, 2023
-
President’s Proposed FY2024 Budget Confirms Crop Insurance IndispensableMarch 16, 2023
-
Grocery Food Inflation Maintains 10% HikeMarch 16, 2023
-
California Flooding Devastates Hundreds of Strawberry FarmsMarch 17, 2023
-
Access to Mexican Corn Market Critical for Success of U.S. GrowersMarch 17, 2023