General World News

Why the world is in a shipping crisis

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Summary List Placement

The price for a shipping container is looking a lot like a meme stock.

The surge in shipping costs points to our shortage of semiconductors, lumber, chicken, chlorine, and, really, “just about everything.” The pandemic broke the supply chain last year, and the shipping companies that move stuff all over the world still haven’t recovered.

We rely on a complex, global supply chain. It’s the reason we can get two-day shipping on ultra-cheap Wayfair furniture built in Vietnam or why seafood caught in the US is so cheap (much of it is actually processed in China before details ⇒

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