The global supply chain and the economy as a whole are heavily impacted by the cost of shipping containers (sometimes called Sea-Cans). As you might expect when the price of shipping one of these increases, it has an impact on inflation.
Last year it cost over $10,000 to ship one of them from Shanghai to Los Angeles but prices have now plummeted under $2400.
While this decrease will undoubtedly lead to some inflationary relief, prices are still roughly double what they were at the low point of 2019.
The industrial real estate industry is also intricately connected to the transport of these containers as they have stops at numerous warehouses along the supply chain process. I'll be following the impact falling shipping costs will have on lease rates, absorption, etc.
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Drewry’s composite World Container Index:
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🙋♂️ Chad Griffiths, MBA, SIOR
#shorts #industrialrealestate
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