NACD Releases New Data on Severity of Ocean Shipping Crisis
ARLINGTON, VA – The National Association of Chemical Distributors (NACD) recently released new data on the severity of the maritime shipping crisis facing NACD members and shippers throughout the United States. The June 2021 survey, which follows similar research from March, shows that delays and costs associated with shipping have continued to rise dramatically over the last three months.
“This data is worse than we could have ever imagined and should concern every stakeholder in the U.S. supply chain,” said NACD President and CEO Eric R. Byer. “The state of shipping as it sits currently is not sustainable. Costs to consumers are already rising, and soon businesses will be forced to close their doors – if they have not already. Increased competition in ocean shipping and greater oversight and enforcement of rate increases are vital to remedying the situation. We welcome the Biden’s Administration’s focus on this critical issue and hope it will spur the Surface Transportation Board and the Federal Maritime Commission to enforce against excessive rates that we are currently seeing at historic levels.”