Global shipping costs have soared amid higher demand, a shortage of containers and other factors. Photo: Bloomberg Global shipping costs have soared amid higher demand, a shortage of containers and other factors. Photo: Bloomberg
Global shipping costs have soared amid higher demand, a shortage of containers and other factors. Photo: Bloomberg

Skyrocketing shipping costs lift prices of goods from toys, furniture to car parts and anchovies

  • Soaring demand, a shortage of containers, saturated ports and too few ships have contributed to a squeeze on transportation capacity on every freight path
  • At the retail level, vendors are faced with three choices: halt trade, raise prices or absorb the cost to pass it on later

Topic |   Transport and logistics
Global shipping costs have soared amid higher demand, a shortage of containers and other factors. Photo: Bloomberg Global shipping costs have soared amid higher demand, a shortage of containers and other factors. Photo: Bloomberg
Global shipping costs have soared amid higher demand, a shortage of containers and other factors. Photo: Bloomberg
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