China’s shipping insiders brace for another full year of rising freight rates having a ‘profound impact on trade’

Source: China – South China Morning PostSurging shipping costs in a year riddled with supply-chain disruptions are straining China’s small commodities exporters, and industry insiders are bracing for more challenges to come as they say high freight rates could stretch into 2023.Jiang Tianqing, an exporter from Yiwu, Zhejiang province, said many of his clients have dropped orders due to the high shipping costs. He is also struggling to maintain adequate cash flow, as his goods such as mirrors and combs are low added-value items that…Read More

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