By Richie Lin      Photo : Tom Fisk，Link：Pexels

A butterfly waves its wing can cause a storm in the coast of Brazil. Any single break point in the supply chain will evolve gradually to a disaster for all global economy.

Ocean freight rate reference in week 44:

Following rate reference in week 44. 

• Asia main ports to USAWC USD 10000~13000 per 40GP;
• Asia main ports to USAEC USD 14000~16000 per 40GP; 
• Asia main ports for IPI points of USA is USD 20000~22000 per 40GP. 

Please note above rate is only for reference, carriers might only give space for higher rate, which will be from USD 15,000~25,000 per 40GP for different destinations.

A butterfly waves its wing can cause a storm in the coast of Brazil. Any single break point in the supply chain will evolve gradually to a disaster for all global economy. Governments around the world have used QE for several months to boost the economy back to pre-pandemic level after vaccines give us confidence to open the borders. But the inflation of raw materials, major commodities, Oil, natural gas caused by the increasing global transportation cost has made governments to think about increasing the interest rate and cut bond purchasing to reduce money flow into the market to avoid more and more money pursuing limited products. However, many people are worried that economy recovery will slow down or even cause stagflation. People will be forced to cut spending if they expect their spendable income will be reduced to some extent, and spendthrift will consequentially cool down the economy when every factor of supply chain cut their production and investments. And the worst scenario is to happen stagflation because consuming price is still high due to higher transportation cost but less and less consuming create economy depression in the long run. To be or not to be, this is a question. This is a time to test the wisdom and courage for governments and all of us.

Airfreight market rate in Week 44:

The airfreight is updated each week to match the market situation. 

The following market rate for your reference. 

• PVG/SZX/HKG/TPE to LAX USD 17.0/kg, 
• PVG/SZX/HKG/TPE to ORD USD 17.0/kg, 
• PVG/SZX/HKG/TPE to JFK USD 20.0/kg. 

Airfreight rate will keep increasing in November because ocean freight is too late for Thanksgiving and Christmas products to be put on shelves of stores on time.

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