Friday, September 10, 2021

Weather the Disruptive Pandemic

The coronavirus first broke out around December 2019 when few people would expect this flu-like disease to be so much of a concern. But it turned out to be the great disruption to the global health systems and economy. Most of the major economies are still struggling amidst the pandemic. What's even worse, it seems that no one knows it will end...But life and business will continue anyway...

After the early lock-down period one and a half years ago, Innove Packaging had been gradually returning to its normal production (if not over burdened in this summer☺) 

Custom Cardboard Gift Boxes & Tubes

Cardboard Gift Boxes in Production

Boxes Ready for Shipping

Loaded on Trucks

Thursday, September 9, 2021

Ocean Shipping Freight Rates Soared by 10 Times 2021 But It's Still Hard to Get an Empty Container

International sea shipping freight rates have skyrocketed by 10 times in 2021 while exporters still have problems to book an empty container. The shortage of shipping containers is yet another symptom of the havoc the coronavirus pandemic has wrought on international supply chains. The current situation is: exporters may not be short of orders but the cost has risen sharply. That means they are suffering from profit margin squeeze.
Ocean Shipping Freight Rates Hikes in 2021

Ocean Shipping Freight Rates Rose Sharply in 2021

CCTV (China Central Television) recently approached Taizhou Threeway Vehicle Catalytic Converter Co., Ltd. and covered the international shipping issues. Although export orders for auto parts are booming and factories are busy with production, companies are still mixed, pwith problems such as rising prices of raw materials and persistently high shipping charges. Threeway currently has sufficient orders. However, due to the rising prices of precious metals such as palladium and rhodium, steel and other raw materials and the rising ocean shipping freight rates, the cost has risen by at least 20%.