The cost of shipping from China to Europe has risen fivefold in recent months because of tight shipping space.Affected by this, Europe home goods, toys and other industries of retailers inventory are tight.Supplier delivery times continue to increase to the highest level since 1997.

Spring Festival worsens shipping bottlenecks between China and Europe, and costs soar

While the Chinese New Year is a long awaited event for the Chinese people, for the Europeans it is a very “torment” one.

According to Sweden to glance at the newspaper recently published articles, because China’s production of products during the outbreak was warmly received by the European people, also made between China and the eu shipping costs continue to rise, not only that, and even the container is almost exhausted, and with the Spring Festival coming, many ports in China are closed, many freight company have no container available.

It is understood that to obtain a container at least 15,000 francs, 10 times more expensive than the previous price, due to the frequent shipping between China and Europe, many shipping companies have also made huge profits, but now the Chinese New Year has aggravated the bottleneck of shipping between China and Europe.

At present, some European ports, including Felixstowe, Rotterdam and Antwerp, have been cancelled, leading to the accumulation of goods, shipping delays.

In addition, for the China-Europe freight train cargo friends also have to scratch their heads in the near future, because of the serious backlog at the port station, from 18 o ‘clock on February 18th to 28 o ‘clock, all stations sent through the Horgos (border) export of all kinds of goods are stopped loading.

After the shutdown, the follow-up customs clearance speed may be affected, so sellers should be prepared.

Europe faces shortages and anxiously waits for “Made in China”

Last year, according to relevant data shows, Chinese exports of products is one of the most in the world, which fully shows the world demand for the “made in China” as the outbreak and rising, such as furniture, toys and bicycle has become the popular product, due to the coming China Spring Festival, many European industry has found some confusion.

A Freightos survey of 900 small and midsize companies found 77 percent were facing supply constraints.The IHS Markit survey showed supplier delivery times are stretching to the highest level since 1997.The supply crunch has hit manufacturers across the euro zone as well as retailers.

The commission said it had noted the rise in container prices on sea routes.Price fluctuations can be driven by a variety of factors, which the European side is examining.

China has replaced the United States last year as the eu’s largest trading partners, which means that the trade between China and the eu will be more closely in the future, it is based on the realities, china-eu will only be signed at the end of the investment agreement, both the eu and China, future during the trade negotiations with the United States have more chips.

At present, the epidemic of CoviD-19 continues to spread around the world, and the epidemic situation in Europe is still very serious. Therefore, it will be difficult for Europe to resume normal industrial production in a short time, which makes the European people more urgent need for “Made in China”, and they are also anxiously waiting for “Made in China” during the Spring Festival.

Over the past decade, most of China’s exports to Europe have been on the rise. During the epidemic, the demand for Chinese-made products in Europe has been increasing due to factory shutdowns in most parts of Europe.

For now, much of Europe will be buying more from China as the New Year begins and the economy is unlikely to recover fully any time soon.

In North America, congestion has increased and severe weather has worsened

According to the Port of Los Angeles Signal platform, 1,42,308 TEU of cargo were unloaded at the port this week, up 88.91 percent from a year earlier;Next week’s forecast is 189,036 TEU, up 340.19% year on year;The next week was 165876TEU, up 220.48% year on year.We can see the quantity of goods in the next half month.

The Port of Long Beach in Los Angeles shows no signs of relief, and the congestion and container problems may not be resolved for a while. Shippers are looking at alternative ports or trying to change the order of call. Oakland and Tacoma-Seattle Northwest Seaport Alliance have reportedly been in advanced talks with shippers about new routes.

Industry insiders also suggest “report”, instead of continuing to flood to Southern California, instead of shipping goods to the Port of Oakland, to ease the congestion problem in Los Angeles and Long Beach ports, with the arrival of Easter and summer, the arrival of imports will face the peak, importers choose to ship goods to the East Coast may be a good choice.

Port of Los Angeles ship anchor stay time has reached 8.0 days, there are 22 ships waiting for berths

Now Oakland has 10 boats waiting, Savannah has 16 boats waiting, compared to 10 boats a week is also double the pressure.As at other North American ports, increased layover time for imports due to heavy snowstorms and high empty inventory continue to affect turnover at New York terminals.Rail services have also been affected, with some nodes shut down.

Shipping companies have left no stone unturned. CTC’s first ship to service the new Golden Gate Bridge arrived in Oakland on February 12th;Wan Hai Shipping’s trans-Pacific routes will double to four from mid-March.Transpacific routes are also being planned for Oakland and the Tacoma-Seattle Northwest Seaport Alliance.Hopefully these will have a positive impact on the current situation.

Amazon has been forced to temporarily close some facilities in eight states, including Texas, due to severe weather, according to an Amazon spokesman.According to the feedback from the logistics provider, many FBA warehouses have been closed, and it is expected that the goods will be received until the end of February. There are more than 70 warehouses involved. The following figure shows the list of partially closed warehouses.

Some forwarders said that the popular Amazon warehouses were temporarily closed or the unloading volume was reduced, and most of the reservation delivery was delayed 1-3 weeks, including the popular warehouses such as IND9 and FTW1.One seller said that a third of their listings are out of stock, and shipments shipped at the end of December have not been on the shelves.

According to the National Retail Federation, imports in January 2021 were two to three times the levels seen in the past few years.

“The shelves are now empty and, to add to the gloom, these missed products have to be sold at a discount,” the association said.”The additional cost of delayed shipments, which is ultimately borne by retailers, is eating into their gross margins and is critical to their survival.”It expects container imports at major U.S. ports to reach record levels this summer.