[Podcast] Any Box Will Do: Heightened Risk In Times Of Market Crisis

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Buoyed by the development of vaccines, 2021 promised a return to ‘normal’. The logistics industry has continued to operate at full capacity and beyond. The last year presented multiple challenges to every aspect of the freight industry – and there appears little respite as we head into 2022.

Over the last year, the industry has responded to a range of stresses that have included, amongst many things, a sustained imbalance of equipment, brief blockage of the Suez Canal, sporadic port closures and ongoing congestion in numerous nations, together with strong demand for consumer goods from Asia.

The last half century has developed high reliance on standardised freight units for the transport of goods internationally, especially in the maritime mode. Where containers are in short supply, those depending on the arrival of an empty unit for packing and dispatch of goods might take a more lenient approach to pre-packing inspection, in the knowledge that an immediate replacement might not be available. The consequences of inadequate controls will be varied – and scarcity of units is exacerbated when poor condition requires the cross stuffing of cargo. The recent podcast discusses on the same.

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Source: TT Club