Container shipments into the U.S. hit a new all-time high in May 2022, making the task of managing supply chain risk much more complicated to navigate. The surge was fueled by continued strong consumer spending and a positive U.S. economic outlook for the second quarter, which combined to allay concerns about the potentially damaging ripple effects of high inflation, COVID lockdowns in China and the Russia-Ukraine war in Europe.
The June update of the logistics metrics Descartes is tracking continues to point to congestion and challenging global supply chain performance for the rest of 2022. For shippers and their logistics providers still looking for the elusive turning point for the world’s supply chains, the light at the end of the tunnel remains a long way off.
