Occasionally, because of a combination of market forces and regulation, one part of the supply chain will become temporarily constricted, causing ripple effects that complicate logistics operations. For instance, in recent months, we’ve seen a U.S. capacity crunch, caused by the combination of a driver shortage and the enforcement of the ELD mandate, among other factors.
But truck capacity isn’t the only piece of the transportation puzzle in shorter supply these days. In fact, the demand for shipping containers has started to outstrip supply, causing prices to rise and purchasing managers to look for savvy ways to beat their competitors to any available product.
What are the factors causing this recent container shortage? And how can companies that depend on steady access to used and new containers keep their businesses running smoothly? Here’s what you need to know about the current situation:Read More