Chinese New Year - End to Equipment Shortage in Sight
After a bumpy 2020, an end to the equipment shortage is in sight. A positive trend of the Container Availability Index, with values of 0.34 for 20DCs and 0.37 for 40DCS, could make Chinese New Year the turning point.
For months, containers were extremely scarce across China, and prices have skyrocketed to record highs. Mainly as a consequence of unexpected demand for containerized goods created in the wake of global social lockdowns.