Date: Thursday, October 14, 2021
Source: Splash 247
There appears to be a massive disconnect between frenzied tabloid headlines in the Western mainstream media about empty shelf paranoia in the run up to Christmas and the reality on the ground at key hubs around the world.
The absolute worst in terms of global port congestion has passed multiple data points confirm, and the pressure is now on inland links to move the goods in time to make into Santa’s sack for December 25.
The latest global port congestion bubble map from Danish liner consultant eeSea (see below) shows the most talked about congestion areas – Shanghai and Ningbo in China and Los Angeles and Long Beach in California – have retreated from red to amber in terms of the scale of severity with 62 boxships waiting outside the two Chinese hubs, down by more than 50% since Splash last covered eeSea data seven weeks ago. Outside the southern Californian gateways there were 54 ships waiting this morning, down from highs of in excess of 70 vessels recorded last month.
The one red dot on the global map provided by eeSea is in south China, but even here that is a temporary blip following the passing of two typhoons near Hong Kiong and Shenzhen in the space of one week.
Moving boxes from the ports inland remains the biggest issue facing retailers in the run up to Christmas, something felt most acutely in the US and the UK at the moment.
Data from tech firm Project 44 shows orders from China are reaching American customers with a delay of at least 10 days compared to 2019 pre-pandemic delivery times.
Aside from the well documented delays on the transpacific, the box snarl-ups have also being keenly felt on the other main east-west tradelane, connecting Asia with Europe. Alphaliner data shows container ships are currently arriving with an average delay of 18 days in China after a full round trip between the Asia and North Europe.
Trying to temper the hysteria among many mainstream media outlets about a doomed Christmas, Lars Jensen, CEO of liner consultancy Vespucci Maritime, took to LinkedIn today to ridicule much of the reporting.
“The current supply chain challenges appear to give rise to ever more overblown press headlines raising fears of a disastrous upcoming holiday season plagued by empty shelves,” Jensen wrote, adding: “We almost appear to be heading into a state similar to Eastern Europe during the cold war with massive lines outside stores to get the bare essentials if we are to believe the headlines.”