The question remains as to what is happening to the shipping industry and its prices going up to the point where it’s becoming a crisis. Responding to the spiraling costs associated with global shipping, the British Home Enhancement Trade Association (BHETA) is spearheading a campaign to secure intervention from the Competition & Markets Authority (CMA).
One factor prompting a wave of price increases across the trade, the costs to acquire container space have risen by as much as ten-fold for certain high-demand shipping avenues. A BHETA member survey confirmed that suppliers who import either product, components or raw materials are currently facing exorbitant charges in relation to freight costs which are having a serious and detrimental impact on their businesses.
Many companies are also being charged additional costs such as…
