Wednesday, August 03, 2022

Global Supply Chain Woes Lingering Longer

Shipping giant Maersk said that congestion in global supply chains leading to higher freight rates has continued longer than initially anticipated.

Maersk raised its 2022 profit guidance for a second time on Tuesday, 8/2/22, after beating quarterly revenue expectations as congested global supply chains that have boosted freight rates persist longer than expected.

It ain't over yet.

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