1/ Pro tips for import companies struggling with $20k container rates:
Don't bank on rates going back down before the end of the year. Rates are just as likely to go higher with back to school and holiday shopping seasons coming up.
Don't bank on rates going back down before the end of the year. Rates are just as likely to go higher with back to school and holiday shopping seasons coming up.
2/ Inventory to sales ratios are still near record lows which means we can expect to continue breaking import volume records through peak season
3/ Although container rates may ease in early 2022 after peak season, expect container rates to stay very high until mid-2023 as 2022 will see the least new ship capacity delivered in over a decade.
4/ There is good news! Your competition is in the same boat, has very low inventories, and is likely delaying purchases to wait this out.
- Your customers however will gladly likely pay whatever it takes to get essential items.
- Your customers however will gladly likely pay whatever it takes to get essential items.
5/
- If you are the only one with inventory your customers will pay whatever it takes and thank you for it
- Your company can come out of this as the hero and capture market share in the process
Just pay the freight and ensure you have inventory. Thank me later.
- If you are the only one with inventory your customers will pay whatever it takes and thank you for it
- Your company can come out of this as the hero and capture market share in the process
Just pay the freight and ensure you have inventory. Thank me later.
6/ Think about signing a 1 year contract next year to lock in a set freight rate next contracting season in April. You will likely get a lower contract rate than the prevailing spot rate as liners are inclined to lock in profitable rates while they are good.
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