GLOBAL leader in uniting logistics-intensive businesses in commerce, Descartes Systems Group, in its April report on the ongoing global shipping crisis and analysis for logistics and supply chain professionals shows stronger US ocean container import volumes in March, but reduced wait times at top US ports.
However, China's Covid lockdowns combined with recent geopolitical conflict suggest there may be continuing levels of disruption for global supply chains in 2022.
March continued the very strong start to 2022 with another monthly record for US container import volume. Container import volumes were up 11 per cent from February 2022 to almost 2.6 million TEU and up 1 per cent from March 2021 and 44 per cent from pre-pandemic March 2019.
March was also the second highest import volume in history, only eclipsed by August 2021 which falls in peak season for ocean imports. Another month effectively exceeding the 2.4 million TEU mark indicates that the chronic supply chain disruptions importers and the logistics community have been experiencing are not abating in the short-term.
"Given the high TEU import volume in March, the overall decrease in port delays was positive news," said Chris Jones, executive vice president industry & services at Descartes. "The Covid-related lockdowns in China will have importers and logistics services providers managing their way around congested, disrupted and expensive global operations throughout 2022."
The report is Descartes' ninth instalment since beginning its analysis in August 2021.