With the effects of lockdown and epidemic situation, there are serious port congestion in many countries, especially in European countries. This is affecting further global shipping lines.
In May and June, the sea freight is at historic high level.
Global shipping problem increases commodity prices like cooper, steel and aluminum...
Moreover, the serious epidemic situation in major production areas like Chile and Peru reduces the production capacity.
With the valid control of epidemic in China, the production requirements are gradually resumeing, which is increasing the tension between supply and demands.
OWELL industries is finding out effective measures to help our customers reduce costs, will always stand by our partners to get throught this tough time together.