The secret to making money in the stock market: Other people's misfortune is sweet
June 20, 2021
Since August of last year, shipping delays and skyrocketing ocean freight rates have shown no signs of stopping.
Currently, container ships are still jammed off the coast of Los Angeles and somewhere off the coast of China . This has caused a domino effect, making it difficult to book container ships in Europe, Asia, and Oceania .
In Singapore, you can easily see container ships sailing from Tanjong Pagar and the East Coast , but it seems the density of them off the coast of the US and China is incredible.
The reason for this is that while demand is increasing due to economic recovery, ports' processing capacity is declining due to the inability to secure seafarers ( many of whom are from developing countries) and port workers due to COVID-19 infections and quarantine .
(I'm sure the shipping companies will take advantage of the situation and raise prices, you bastards!)
In fact, DonDonDonki, which has a strong image of being extremely cheap, has been surprisingly expensive recently, haven't you thought?
However, if a small business like ours were to simply raise prices by $2 (or 3%), we would be prepared to lose 20% of our customers, but if Don Quijote were to raise prices by 10%, from $5.30 to $5.80, I don't think many people would be too bothered.
Consumer psychology, which is rooted in image, is often irrational. How about your own purchasing behavior?
Our company has also been hit hard since February, and depending on the route, ocean freight charges have increased fourfold and delays can be as much as a month.
You may be thinking, "What? Doesn't this have an impact on people's lives?" But the fact is, our company is being affected, so it is certainly affecting all Inazo users.
It seems that Japanese manufacturing is also struggling, and the situation remains dire, with people unable to secure raw materials and parts even though they are paying express train fares for local trains .
Even in Thailand, which exports rice all over the world, export containers cannot be secured and shipping costs have skyrocketed, which is likely to have an impact on the price of Thai rice, which is naturally cheap.
This trend may not change unless vaccinations reach developing countries .
Rather, I think it is also a function of the shipping industry's constitution, but even if delays are eliminated, freight rates that have been raised may not be returned to their original state.
Since August of last year, shipping delays and skyrocketing ocean freight rates have shown no signs of stopping.
Currently, container ships are still jammed off the coast of Los Angeles and somewhere off the coast of China . This has caused a domino effect, making it difficult to book container ships in Europe, Asia, and Oceania .
In Singapore, you can easily see container ships sailing from Tanjong Pagar and the East Coast , but it seems the density of them off the coast of the US and China is incredible.
The reason for this is that while demand is increasing due to economic recovery, ports' processing capacity is declining due to the inability to secure seafarers ( many of whom are from developing countries) and port workers due to COVID-19 infections and quarantine .
(I'm sure the shipping companies will take advantage of the situation and raise prices, you bastards!)
In fact, DonDonDonki, which has a strong image of being extremely cheap, has been surprisingly expensive recently, haven't you thought?
However, if a small business like ours were to simply raise prices by $2 (or 3%), we would be prepared to lose 20% of our customers, but if Don Quijote were to raise prices by 10%, from $5.30 to $5.80, I don't think many people would be too bothered.
Consumer psychology, which is rooted in image, is often irrational. How about your own purchasing behavior?
Our company has also been hit hard since February, and depending on the route, ocean freight charges have increased fourfold and delays can be as much as a month.
You may be thinking, "What? Doesn't this have an impact on people's lives?" But the fact is, our company is being affected, so it is certainly affecting all Inazo users.
It seems that Japanese manufacturing is also struggling, and the situation remains dire, with people unable to secure raw materials and parts even though they are paying express train fares for local trains .
Even in Thailand, which exports rice all over the world, export containers cannot be secured and shipping costs have skyrocketed, which is likely to have an impact on the price of Thai rice, which is naturally cheap.
This trend may not change unless vaccinations reach developing countries .
Rather, I think it is also a function of the shipping industry's constitution, but even if delays are eliminated, freight rates that have been raised may not be returned to their original state.