I just asked my team for three pieces of information before writing this, because I wasn't going to publish it without verifying them first. I share them in the attached document:
- Why does a 40-foot container from Asia cost up to 125% more today than it did a year ago, without oil having risen in the same proportion?
Why does the Panama Canal no longer have queues, but a last-minute transit quota is being auctioned at an average of US$385,000 – and there are bids that exceed one million dollars?
And why does the Red Sea crisis, which seems like a problem from another continent, continue to subtract between 5% and 7% of the world's shipping capacity, until 2027 according to industry projections?
In the attached document I develop these three points with figures from Drewry, Freightos, S&P Global and the Panama Canal Authority itself, and explain why this cost pressure has already reached the import structure of Central American companies – although it is not yet reflected as a single line in the income statement. If your company imports supplies, packaging, electronics, or machinery from Asia, it's worth the five minutes of reading.
Have you already revised your logistics contract against the market this year?
Read the document and let's talk.
Download the resource
