Drewry Data Shows Import Demand Lifting Trans-Pacific Rates
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The signal
Drewry's latest data indicates that growing import demand is driving up container freight rates on trans-Pacific routes. This development reflects rising consumer purchasing activity and suggests shippers should prepare for elevated transportation costs when sourcing goods from Asia to North America.
What This Means for Your Supply Chain
What if trans-Pacific container rates increase by 15% this quarter?
Model a 15 percent increase in trans-Pacific ocean freight rates over the next three months due to sustained import demand, and evaluate the impact on landed cost for goods imported from Asia to North American ports.
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