Shipping cost surge raises retail price pressures and inflation risks – ABC News

https://www.abc.net.au/news/2021-06-10/prices-consumers-shipping-ports-trade/100203086

  • Soaring demand for physical goods has increased congestion and delays at the world’s ports and pushed up shipping costs
  • The price of products like canned food, shoes, clothes, and computers could increase if retailers start to pass on the higher freight and input costs
  • The cost of shipping a 40 foot container from Shanghai to Sydney on the spot market has doubled