On a global scale, about 80% of goods are transported by sea due to its cost efficiency compared to that of land or air transport. The covid-related unprecedented disruption that we have witnessed, however, is forcing shipping lines and cargo owners to look for other alternatives that allow them to meet delivery times.
To tackle this problem trade routes have been undergoing significant changes, one of which most relevant is the reduction of port calls in specific trade routes. According to a recent DHL market outlook report, this strategy could ease up the container crisis, leading up to some type of recovery in 2023.