Container Crisis in Shipping market and What Next?
The pandemic has disrupted an average citizen's everyday life, for many above the poverty line; these disruptions are negligible and ignorable. It is expected that the majority of the world's trade occurs in 170 million shipping containers accounting for about 9 in 10 volumes of trade. However, the pandemic has caused huge labor shortages across countries, reduced capacity in logistics systems, and congestion at ports, and cargo that is quarantined.