Traders and shippers say the decline in global consumer demand is not a sign the global economy is normalizing after a frantic post-lockdown consumption rush
What has happened now is that the cargo is 'on time' again and hence you'll see a slowdown in new ordering..."There is just not enough depot space to accommodate all the containers," online container logistics platform Container xChange chief executive Christian Roeloffs said in an industry update this week.
"With the further release of container inventory into the market, for example from the disposal of leasing fleets, there will be added pressure on depots in the coming months."Italian container depot owner Sogese chief executive Andrea Monti told Container xChange his depots are full. "Whatever was coming in and out of, for instance, our Milan depot is quite stuck. And the container volume at the depots is increasing to an extent that we are returning some requests for depot service agreements."
Turn them into affordable housing
Some call it affordable homes
They look pretty good on southern border 😆
Turn I’m into tiny homes for all the people that lost their life savings in crypto this year. 😬 I love container homes. I’ll have to buy some shit coins.
🤣 from not enough to much we overshooting both ways.
Recession/depression is no fun
The way things are going I may end up having to live in one, wonder if prices for them will be dropping.
Deflation coming your way
not new, as that has happened a few times. We just got accustomed to shortage the past couple years.
It’s a problem of time
This is poorly written. Woof cnbc keeps getting worse.