Mind Your Business: World's shippers earning the most money since 2008, what it means for the industry/consumers
Due to the combination of booming demand for goods and a global supply chain that is collapsing under the weight of Covid-19, major Chinese and Hong Kong shipping groups have been logging record revenue and profit growth in the first half of the year, as tight capacity and a shortage of containers in key markets intersected with a disruption of operations at a number of major ports. Raymon Krishnan, President, The Logistics and Supply Chain Management Society shares why businesses are still turning to the shipping industry despite high freight rates and other challenges the freight industry is facing right now despite the demand. See omnystudio.com/listener for privacy information.