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FourKites Global Ocean Report H1 2022

FourKites Global Ocean Report H1 2022

Pages 12 Pages

The FourKites Global Ocean Report H1 2022 shows that supply chains faced continued disruptions from COVID-19 shutdowns, labor shortages, inflation, and the Russia-Ukraine conflict, driving higher costs and delays. Shanghai lockdowns cut shipment volume by 32% in Guangdong, while fuel costs and slow steaming added transit time. European imports saw dwell times rise 28% after the war began, worsening material shortages. Despite challenges, global ocean transit times eased slightly from a peak of 49 to 43.7 days, though still 19% higher than 2021. Demand for ocean visibility surged 231% as shippers sought resilience, accurate ETAs, and exception management.

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