Chinese Exporters Adapt to Rising Shipping Costs
China News
September 13, 2023
Chinese exporters are grappling with escalating shipping costs as they seek innovative solutions to mitigate the impact. In Shenzhen City, a local electronics manufacturer is confronting the challenge of delivering its products to the United States. Shipping a 40-foot container from China to California now costs around $2,000 as of mid-August, marking a significant 61% increase from July. These abrupt cost surges are compelling some manufacturers to postpone their shipments.