Open AccessReview on the Prices of Shipment Keep Rising in Perspective of Global Shipping Supply Chain Disruption
Author(s) -
Li Yu
Publication year - 2021
Publication title -
bcp business and management
Language(s) - English
Resource type - Journals
ISSN - 2692-6156
DOI - 10.54691/bcpbm.v13i.57
Subject(s) - supply chain , business , economic shortage , order (exchange) , unemployment , international trade , economics , industrial organization , finance , government (linguistics) , marketing , economic growth , linguistics , philosophy
The global spread of the pandemic has led to the stop of various industries, the shutdown of enterprises, the unemployment of workers and other problems. Recently, one of the issues that have aroused widespread global concern is the problem that the international shipping prices represented by the trans Pacific route continuously rising. This is the apparent performance of the global shipping supply chain interruption and brings interruption to the global supply chain. International shipping is a barometer of the international economic. The reasons behind the sharp rise in shipping prices are complex and diverse. The labor shortage under the pandemic is the root cause of low operation efficiency. The serious shortage of export containers in Asia is the direct cause of demand exceeds supply. The imbalance of international trade is the internal reason for the increase in demand. In addition, there are additional reasons such as the congestion accident in Suez Canal. In order to deal with this situation, each governments use policies, decrees and other measures to intervene moderately on the basis of the market power to restore balance for hoping to recover as soon as possible. But some international organizations related to this issue hold the opposite attitude. Shipping operators have interests directly relevant should reasonably dispatch all available transport capacity to meet demand, rationally treat and make use of short-term high profits and actively cooperate in the face of national survey, review and supervision. The problem of global shipping supply chain interruption needs to be solved jointly by all parties and strengthen pandemic control then solve the problem from the source, to release the delayed transportation efficiency as soon as possible to restore the global shipping supply chain and promote the recovery of the world economy.