A U.N. agency has warned that a surge in container shipping rates threatens the global economic recovery and could add an additional 1.5 percent to consumer price inflation through 2023.
The United Nations Conference on Trade and Development (UNCTAD) said in a Nov. 18 analysis (pdf) that, since the second half of 2020, higher-than-expected demand for containerized goods combined with logistical hurdles and other shipping bottlenecks have driven up freight rates.
