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Shipping & Freight
High Impact

Port Congestion and High Shipping Rates Expected Through 2023

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The signal

Industry executives are signaling that elevated port congestion and shipping rates will remain a structural challenge extending into 2023, rather than resolving in the near term. This persistent headwind suggests supply chain teams should prepare for sustained cost pressures and capacity constraints on major ocean freight corridors, requiring strategic adjustments to inventory positioning and sourcing strategies.

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