The transportation sector is facing significant obstacles due to the economic devastation brought on by the COVID-19 pandemic. In response, companies around the world must adopt new strategies to limit supply chain disruptions.
The U.S. is currently experiencing a surge of imports, creating major headaches for ports across the country. Valuable space meant for full shipments is being taken up by empty containers. Simultaneously, as ships loaded with much-needed goods wait in line to unload, they're left stranded inside and outside of ports. Also, the inability of fully loaded cargo ships to offload their inventories has left port workers and truck drivers without shipments, generating longer wait times as well as higher costs.
Shipping companies now keep up with customer demands and avoid getting stuck with a mountain of backlogged cargo. One solution is implementing short-term leases at off-site locations, which could free up valuable space while accelerating the movement of empty containers.