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“I’ve Never Seen Anything Like This”: Chaos Strikes Global Shipping
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“I’ve Never Seen Anything Like This”: Chaos Strikes Global Shipping

The pandemic has disrupted international trade, driving up the cost of shipping goods and adding a fresh challenge to the global economic recovery.

Peter S. Goodman, Alexandra Stevenson, Niraj Chokshi and Michael Corkery
The New York Times, 2021
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9

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Recommendation

Why hasn’t Peloton delivered your stationary bike? Probably it’s late because of the extreme backlog in international cargo shipping – and the mixed up allocation of containers – caused by COVID-19. On March 6, 2021, New York Times reporters Peter S. Goodman, Alexandra Stevenson, Niraj Chokshi and Michael Corkery revealed the up-and-down chaos underlying the seemingly small 1% drop in international shipping from 2019 to 2020. As 2020 ended, US consumers bought double the usual amount of exercise gear, most of which comes on container ships from Asia. While the vaccine may alleviate some pandemic-related issues, other challenges remain at sea

Take-Aways

  • Containers are at the hub of the chaos the pandemic has wrought in international shipping.
  • The last global crisis affected shipping, but gave it time to recover.
  • Exporters and importers are also struggling with higher prices and a lack of container space on ships.

About the Authors

New York Times reporter Peter S. Goodman covers European economics from London. Alexandra Stevenson reports on Chinese business from Hong Kong. Niraj Chokshi reports on transportation and Michael Corkery covers the retail industry.

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