Business Excellence, Vol. 15 No. 2, 2021.
Review article
https://doi.org/10.22598/pi-be/2021.15.2.105
FREIGHT VOLATILITY IN CONTAINER MARITIME TRANSPORT DURING THE COVID-19 PANDEMIC
Dora Naletina
orcid.org/0000-0002-1431-6984
; Faculty of Economics and Business, University of Zagreb, Croatia
Abstract
dangers. Although the supply chain disruptions happen to occur from time to time, they
deeply impact the increase of costs and create strong disturbances in business activities.
The COVID-19 pandemic has shaken the global supply chain like nothing has before. Not
even those companies with highly advanced systems for risk management could not
respond adequately to such a sudden blow. For years, the majority of world trade has
been carried out via the sea, mostly due to the efficiency and cost-effectiveness this mode
of transport offers. The market has been affected with a great deal of changes prompted
by the COVID-19 pandemic, resulting in the maritime shipping rates growing to
unprecedented levels. The growth of the freight rates on this market represents a global
issue, because it is influencing the prices of different consumer goods, relative to their
inclusion in the supply chains. Such high rates in maritime shipping calls the recovery of
the entire global economy into question and additionally, endangers the stability of the
supply chains. In line with this, the focus of this paper is the volatility of the shipping
rates in maritime container freight market that has occurred due to the COVID-19
pandemic.
Keywords
disruptions; supply chain; maritime container traffic; COVID-19 pandemic
Hrčak ID:
266890
URI
Publication date:
10.12.2021.
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