- overloaded /oh-ver-KOHD-id/
- lorry /LAWR-ee/
- closure /KLOH-zher/
- quayside /KEE-sahyd/
- premium /PREE-mee-uhm/
[adjective] – having or supplied with too much of something
The plane was so overloaded it couldn’t leave the ground.
[adjectve] – relating to a truck
The accident was clearly the lorry driver’s mistake.
[noun] – the fact of a business, organization, etc. stopping operating
The closure of the mine was the single most important factor in the town’s decline.
[noun] – the edge of a quay, near the water
The ship settled on the quayside.
[adjective] – an amount that is more than usual
The building is on a premium site.
Containers that have been left sitting on quaysides for months have become commonplace. Furthermore, container prices have skyrocketed. According to George Griffiths, editor of global container markets at S&P Global Platts, sending a 40ft container from Asia to Europe costs $17,500 (£12,650), which is more than ten times the cost a year ago. He goes on to say that certain shipping companies are already charging premium prices to assure delivery within a few weeks and that importers are attempting to outbid one another by giving more money to get containers ahead of their competitors.
In response to shortages, some large corporations have recently started to acquire their own containers and charter ships. Walmart and Home Depot, both based in the United States, as well as Ikea, a Swedish furnishing company, are among them. Ikea has confirmed that it has purchased additional containers and chartered ships to address an inventory shortage.
- When was the last time you ordered something online? Could you tell me some details about it?
- Have you tried sending any items abroad? Please tell me more about it.
- Would also acquire your own containers and charter ships like Walmart and Home Depot? Why or why not?
- Are you in favor of shipping companies charging premium prices to assure delivery within a few weeks?
- In your opinion, what is the best way to address an inventory shortage?