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By Harry Holmes2021-03-12T10:19:00+00:00
Analysts have warned it could be several years before rates return to pre-pandemic levels
Gaps could soon emerge on supermarket shelves unless retailers accept a greater share of soaring global shipping costs, suppliers have warned.
The cost of shipping containers has risen from around $2,000 per container to $14,000 on routes from China and Southeast Asia over the past three months, driven by a global shortage as a result of the pandemic.
Analysts have warned it could be several years before rates return to pre-pandemic levels as shipping companies look to recover their costs after years of losses.