September 29, 2020

How the shift in freight rate affected Importers and Exporters

Covid-19 pandemic has numerous effect not only on human well-being, but also on world economic as a whole. While there is good news on the vaccine development, the economy will need a longer time to recover. In recent days, we learned the impact of the phenomenon on the global logistic which put tremendous disadvantage on both importer and exporter as the freight rate surged up to new record high.

Taking a closer look, there are various reasons as present in short presentation below.

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