It will be at least five years until shipping costs will return to anything resembling pre-pandemic levels despite a huge amount of supply set to come online in 2023
That conclusion was reached by George Griffiths, managing editor of Global Container Freight at S&P Global Commodity Insights, during this week’s PV Tech Insights webinar that focused on the convulsions in the global shipping industry.
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The webinar looked at what is expected to happen to prices moving forward and what measures companies were taking to ensure supply and the backstage infrastructure necessary for on-time deliveries.
Griffiths also discussed new business models that have emerged as a response to greater shipping uncertainty and offered advice to listeners struggling to decide between locking in long-term contracts or waiting to see what happens to market prices.
The full webinar can be watched on demand below.
PV Tech Insights sees industry-leading experts and authorities providing business-critical insight on a regular basis.