Tuesday, August 17, 2021
Businesses have witnessed skyrocketing costs of transporting their goods from Asia via cargo ships for a growing number of months since the COVID-19 pandemic started. The pandemic has caused both supply chain disruptions and consumers’ pent-up demand for getting out and spending, recently referred to as “revenge shopping.” Large companies such as Walmart and Amazon, in addition to companies like BMC Protect, are rushing to book space on cargo ships so they can replenish stock for their customers.
This combination of factors has drastically increased the price of shipping freight containers across the oceans with prices increasing an average 4-fold from the same time last year according to a recent Wall Street Journal article. The same article stated that average July 2021 shipping costs from Asia to ports in the U.S. West Coast ranged from $12,000 to $20,000 for last minute bookings. This is compared to $3,000 to $4,000 for the same container last year at this time.
With the uncertainty of the impact of COVID-19 variant strains on more lockdowns in Asia, shipping bottlenecks and elevated prices combined with longer transit times are expected well into 2022.
At BMC Protect we are committed to constantly improving our supply chain to maintain stock to keep our customers happy and safe. But our business is not immune to the macroeconomic factors affecting business that manufacture in Asia and ship goods to the U.S.
Nonetheless, we will always do our best to live out our company values:
Contact us for up-to-the-minute updates on availability and pricing at 800-977-7888 or email@example.com