8-9 Months for Container Shipping Reliability to Recover

COVID-19 appears to be moving from a pandemic to endemic phase, and we are all wondering how soon supply chain issues will resolve. According to Denmark-based research analytics firm Sea-Intelligence, it will take 8-9 months before a return to normal reliability of container shipping.¹

The research is based on the recovery period following the US West Coast labour dispute of early 2015. Average vessel delays at that time were 11.88 days, and it took 6-7 months to resolve, an average reduction in excess delay of 1.25-1.45 days/month. The excess delay in Dec 2021 was 15.07 days suggesting that resolution will take 8-9 months.

If you are interested to learn how to manage better your supply chain, please book a consultation with Canaan Group’s Customer Service Team at sales@canaangroup.ca.

Source:
1. Sea-Intelligence – Press Release (Feb 9th, 2022) – Reliability recovery will take at least 8-9 months, Sea-Intelligence, Feb 9, 2022. Accessed Feb 21, 2022.