“Containers: Essential but more Expensive”, Andrés Ortega (Elcano, Spain)

Standardised containers have become an essential component of modern globalisation, carrying by sea and rail almost half the world’s trade, a proportion that has risen since the pandemic-related reduction in journeys made by passenger aircraft, which also carry goods in their holds. In recent months, their freight prices have rocketed as the effects of the pandemic and changes in people’s consumption habits have kicked in. This has triggered a slowdown in international trade, some supply shortages and price rises in Europe and the US in terms of certain goods originating from Asia, especially China.

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