Global supply chain disruptions impact consumers and economy
ASU supply chain expert explains why world events — such as the drought in Central America, Houthi rebel attacks, and Canada rail workers' threats to strike — cause prices to rise.
In this story published July 1, 2024, on Arizona Horizon:
So now you have ships going around … adding 4,000 miles … . The rate about six months ago, before October 7, from Asia to Europe, was about $1,200 per 40-foot container. Today, they are creeping up to $7,000 from Shanghai to LA. The rates were about $2,000. They are creeping up to $7,000, and to the east coast, about $8,000.
– Hitendra Chaturvedi, supply chain management professor of practice
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