Insight - Global shortage of containers affects prices

Under control: A file picture showing containers being stacked up on a ship at the port of Antwerp, Belgium. Against the concerns, companies are managing as best as they can, with some viewing this as a temporary problem. — Reuters

THE worldwide shortage of containers is hampering the smooth flow of exports and imports, and pushing up logistics costs.

As this leads to higher cost, insurance and freight of goods traded internationally, many companies will pass on the costs to customers who will, in turn, pass them onto the end-users.