The short answer may be no!
But we should expect inventories to try to rise given all the supply chain dislocations in the US. Driver shortages, delays internationally, and a rise in consumer buying may all be responsible.
One of the professionals viewed calls it a multiple black swan event!
Sam Chambers September 20, 2021
Are panicked, overbuying American shippers the reason for today’s container crisis? – Splash247
Posted in Logistics, Supply Chains
Tagged container shipping, inventory, Logistics, ports, supply chains, warehousing
The ocean shipping line Maersk is on track to earn over $22 billion in profit (EBITDA, in financial terms; earnings before Interest, Taxes, Depreciation and Amortization, if you are not familiar.) this year. Free cash flow will be over $14 billion. That is a lot of money.
Capital expense, for new ships and the like, will be around $7 billion.
This graph, from their annual report, shows Maersk’s EBITDA over the last several years.
Here’s Maersk’s most recent annual report in full.
18 September 2021 Jack Donnelly Shipping Lines
Maersk revises earnings forecasts, predicts even better remainder of 2021 – Port Technology International
Tagged financial results, Logistics, Maersk, ocean shipping, Shipping
Furniture is hard to get. And it appears that ocean liner companies are causing problems in the furniture markets.
This lawsuit was just settled, so there will not be any revelation of what practices were not up to snuff.
Sam Chambers September 16, 2021
Cosco settles case brought by American furniture shipper – Splash247
Posted in Logistics, Shipping, Supply Chains
Tagged furniture, intermodal transport, legal action, Logistics, supply chains
Supply Chain Digest Port Technology International Marine Link
Supply Chain and Logistics 