The knock-on effect continues to develop with more and more suppliers withdrawing from service sectors entirely due to tension / complaints, and ultimately causing prices to rise further.
According to media reports, the UK may face a monthly surplus of goods as major Asian economies begin to recover from their worst COVID-19 pandemic.
Industry leaders are evidently concerned about how ports and warehouses will manage the increased volume and they have been already instructed to concentrate firstly on and prioritize medical equipment and food.
British ports such as Port of Felixstowe, Southampton and London Gateway have similar issues.
Hauliers are now responding to these issues, which could worsen the situation of British Asian importers.
Some carriers refuse to accept bookings from Asia to the UK, which may result in the UK being skipped on some voyages.
Moreover, it will be a serious challenge to Britain's lockdown and the power of its logistics sector. Lockdowns across Europe have also reduced demand from firms, stores, and manufacturers.
The UK government has a frequent conversation with shipping industry and the ports, and it appears that commercial solutions and technology are currently being explored to meet this challenge.
INTL Network Logistics is monitoring this situation very closely and we expect a significant increase in container transport if position is maintained and more carriers will follow.
To find out more please call us on 01895 347013 or e-mail: info@intlnetworklogistics.co.uk
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