• Why the world is in a shipping crisis

    7 days ago - By Business Insider

    Your favorite brands are paying 10 times the typical price of shipping your stuff across the ocean.
    Shortages also abound.
    It's all thanks to a chaos in maritime trade that's been unfolding since last year.
    See more stories on Insider's business page .
    The price for a shipping container is looking a lot like a meme stock.
    The Drewry World Container Index, which measures the price of a shipping container, is up 282% from this time last year.
    The surge in shipping costs points to our shortage of semiconductors, lumber, chicken, chlorine, and, really, "just about everything." The...
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