How is Covid in China affecting the cost of shipping?

More than two years into the Covid-19 pandemic, the cost of shipping still remains many times higher than pre-pandemic rates. Although there is hope the situation will stabilise soon, ongoing lockdowns in Shanghai could continue to push costs up, writes Gary Wilcox, CEO at JAG UFS Surprisingly, when the pandemic first hit the UK in March 2020, shipping companies did not immediately follow the increase in airfreight charges with their…