The report, which was published May 3, analyzes current global and domestic events to provide an overview of the latest market updates, insights, resources and guidance for providers.
Four notes:
- The Russia-Ukraine war and subsequent sanctions on Russia are anticipated to exacerbate existing energy, transportation and manufacturing issues, namely limited access to raw materials.
- The indefinite extension of Shanghai’s COVID-19 lockdown “casts further uncertainty” on the country’s supply chain operations.
- Tightened transportation capacity and rising fuel costs are anticipated to create higher ocean and air cargo rates over the next several months, a time of the year that usually sees a decrease in rates.
- A shortage of approximately 80,000 truck drivers in the U.S. is projected to double by 2030 if current trends continue.
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