Logistics havoc causing new supply chain delays, rising costs for consumers
Published: Monday, 10 May 2021
Consuming markets of commodity raw materials are under pressure yet again from a combination of renewed increases in sea freight costs and overstretched logistics, making delivery schedules unreliable and causing long delays at a time when suppliers are tightening contracting terms to reduce liability.
While industry analysts debate fiercely over whether a new
commodity supercycle (a period of consistently high commodity
prices against historic levels) is under way or not, pressure
points have built up in mining supply chains between origins in
Asia – especially China – and western
The sector is facing a...