UNCTAD examines the complex factors behind the unprecedented shortage of containers hampering trade’s recovery, and how to avoid a similar situation in the future.
Maritime trade flows further increased as some governments eased lockdowns and approved national stimulus packages, and businesses stocked up in anticipation of new waves of the pandemic.
The impact on freight rates has been greatest on trade routes to developing regions, where consumers and businesses can least afford it.
To help reduce the likelihood of a similar situation in the future, the UNCTAD policy brief highlights three issues that need attention: advancing trade facilitation reforms, improving maritime trade tracking and forecasting, and strengthening national competition authorities.
Full information about the reserach can be found on UNCTAD web site.