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Concerns over shipping costs and uncertainties

Concerns over shipping costs and uncertainties
Chemical distributors rely on global transport networks to be able to deliver the chemicals efficiently, safely, and timely. However, their ability to do so is under significant pressure from excessive freight costs. Container freight rates have risen sharply the past months, reaching historical highs. Moreover, the past year has introduced several new supply chain uncertainties which has been caused by a combination of factors and was exacerbated by Covid-19. Chemical distributors require affordable, efficient, and predictable international transportation networks. Building on UNCTD analysis, ICTA has several requests for policymakers around the world to reduce the current issues and prevent similar situations in the future. Here you can read our article on this subject.