VOLATILNOST VOZARINA U KONTEJNERSKOM POMORSKOM PROMETU U DOBA PANDEMIJE COVID-19
FREIGHT VOLATILITY IN CONTAINER MARITIME TRANSPORT DURING THE COVID-19 PANDEMIC

Summary/Abstract: In recent years, the stability of supply chains has been threatened by various dangers. Although the supply chain disruptions happen to occur from time to time, they deeply impact the increase of costs and create strong disturbances in business activities. The COVID-19 pandemic has shaken the global supply chain like nothing has before. Not even those companies with highly advanced systems for risk management could not respond adequately to such a sudden blow. For years, the majority of world trade has been carried out via the sea, mostly due to the efficiency and cost-effectiveness this mode of transport offers. The market has been affected with a great deal of changes prompted by the COVID-19 pandemic, resulting in the maritime shipping rates growing to unprecedented levels. The growth of the freight rates on this market represents a global issue, because it is influencing the prices of different consumer goods, relative to their inclusion in the supply chains. Such high rates in maritime shipping calls the recovery of the entire global economy into question and additionally, endangers the stability of the supply chains. In line with this, the focus of this paper is the volatility of the shipping rates in maritime container freight market that has occurred due to the COVID-19 pandemic.

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