Destabilised maritime chain brought spiral of reactions: UNCTAD
COVID-19’s destabilising effect on maritime supply chains brought a “spiral of reactions” that particularly affected small island developing States (SIDS) and led to global container blacklogs, according to an UNCTAD report.
Gary Howard | Jun 15, 2022
The United Nations Conference on Trade and Development (UNCTAD) published the report “COVID-19 and Maritime Transport” to highlight the challenges faced by the transport and logistics sectors due to the pandemic, measures implemented to cope, and lessons to be learned.
The report details the impact of COVID-19 on various shipping markets, from the initial contraction of trade in early 2020 through the upswing later that year and the longer-term demand recovery thereafter.
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