Ships are coming in as trade slows — Bloomberg.com

The past few years have been fraught with trade snarls as cargo ships, containers, and warehouse space were at a premium. Now that trade is cooling, new ships are finally ready to set sail:

“Looking to invest record profits made during the pandemic into craft that burn cleaner fuel, container lines went on a buying spree at South Korean and Chinese shipyards, where construction can take 18 months or longer. Many of those new vessels will start arriving in 2023, a year in which many analysts are predicting global trade will stagnate due to a combination of shocks, including the risk that some of the biggest economies will tip into recession. The World Trade Organization is forecasting volumes will grow by just 1% this year, a sharp deceleration from the estimated 3.5% last year.“

The economy is cyclical, though, so even if there is a slowed demand for imports, these ships will eventually be put to good use during and after a recovery. As a Walmart supplier, you must keep your goods on Walmart’s shelves. Need help? Our experts offer just that. Schedule a consultation today.