This browser is not actively supported anymore. For the best passle experience, we strongly recommend you upgrade your browser.
viewpoints
Welcome to Reed Smith's viewpoints — timely commentary from our lawyers on topics relevant to your business and wider industry. Browse to see the latest news and subscribe to receive updates on topics that matter to you, directly to your mailbox.
| less than a minute read

Logistics difficulties expected to continue for the foreseeable future

Another report from Lloyd’s List on the global supply chain difficulties says retailers expect the container shipping challenges to continue into next year. The report notes that retailers are chartering their own ships in an attempt to avoid delay but that has added to the congestion. 

At Reed Smith, we continue to see the effects of this with hugely inflated claim values compared to pre-pandemic and with numerous clients revisiting their logistics arrangements.

Where it seems these issues are likely to extend well into 2022, those involved in the supply chain should ensure appropriate provisions are included in contracts wherever possible to safeguard them. And they should also bear in mind that losses due to vessel delay are now amplified by higher hire and freight rates.

CONGESTION along the US supply chain will persist until well into 2022, assuming there are no further spikes in coronavirus infection rates, according to retailers.

Tags

transportation, shipping, logistics, supply chain

Related Insights