The inhibiting effects of region’s varying coronavirus conditions have been transmitted globally through trade relations—and are evident in maritime and shipping prices and processes.
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While much of the world is rebounding from the COVID-19 crisis’ economic downturn, global supply chains are facing continuing pressures from pandemic-prompted changes in consumption patterns, surging demand for goods, shortages of workers, and pre-existing political pressures—leading to high shipping volumes and freight costs. Analysts expect disruptions to persist through 2022.Read the Research