NEW YORK: Port congestion should ease next year as new container vessels are delivered and demand from shippers softens from pandemic highs, but not enough to restore global supply-chain flows to where they were before Covid, according to the head of DHL’s freight-forwarding unit.
“It’s going to ease in 2023, but it’s not going to go back to 2019,” said DHL Global Forwarding, Freight chief executive officer Tim Scharwath. “I don’t think we’re going to go back to this overcapacity situation where rates were very low. Infrastructure, especially in the United States, isn’t going to get better overnight, because infrastructure developments take a long time.”
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