PUBLISHER: The Load Star (www.theloadstar.com)
The prolonged disruption to container supply chains has left Australian businesses increasingly vulnerable, according to the Australian Competition and Consumer Commission (ACCC).
Today, the ACCC released its annual container stevedore monitoring report, which found delayed shipments and rapidly rising freight rates were putting “intense pressure” on exporters and importers.
The commission said: “A number of Australian exporters are struggling to meet their contractual obligations, and some large retailers are so concerned that their cargo will not arrive before Christmas that they are buying their own shipping containers and chartering their own vessels.”