Should we worry about the impact of COVID-19 on global supply chains and the cost of shipping?

COVID shutdowns of major international ports are putting pressure on retailers who want to fill orders and keep their shelves stocked. And the problem is also impacting on Australian exporters in areas like agriculture.

Containers sit idle at the Port Botany container terminal in Sydney, Sunday, May 2, 2021. Source: AAP Image/Joel Carrett

Further with international shipping costs steadily rising over the past 12 months, many suppliers are being forced to increase their own prices.  When do their difficulties become our headache?

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