The Covid-19 pandemic has hampered global trade in an unprecedented way, with countries across the world imposing trade restrictions in their attempts to contain the spread of the virus, and with production and consumption being scaled back due to the weakened economic activity.
As a result, world trade volumes showed a decrease of nearly 17% in the first five months of 2020, according to the latest data released by the World Trade Monitor of the Netherlands Bureau for Economic Policy Analysis (CPB).One of the shipping disruptions seen recently has been the container shortage...