Juarez benefits from expensive ocean freight rates

JUAREZ – The high cost of maritime freight from Asia could strengthen manufacturing in the region, since companies choose to consume locally due to the increase in logistics, according to René Mendoza, national coordinator of the Mexican Industry Suppliers Chain (Capim).

He explained that before the pandemic, shipping goods from Asia to the Americas by sea cost US$2,500 per container, while currently it costs US$7,700, an increase of more than 200%.

The expert said that the situation of container shortages and rising prices is getting worse every day, so it is likely that they will not return to the same amounts.

Although this has had a serious impact on companies, he affirmed that the situation could benefit the region by seeking Mexico as a source of inputs.

He added that companies do not want to increase their logistics costs, so they are considering buying their products here.

“These are opportunities that can crystallize into new business if we use tools that link us to them,” he said.

Source: Diario.mx