Why prices have increased around the world
McKinsey & Company have produced a video describing why prices for international shipping have soared across the world.
The 9-minute explainer covers influences including changing consumption patterns in the US, which are driving shipping demand and causing congestion at ports; and port lockdowns and out-of-service container ships reducing capacity worldwide.
It also looks at the long-term implications of this issue and when rates might be expected to return to more normal levels.
You can watch the McKinsey video here.
