Global supply chains will recover in 2023: DHL

According to the leading global freight forwarding company DHL, with new container vessels being delivered and demand from shippers softening, port congestion is expected to ease next year but not enough to restore global supply-chain flows to where they were before Covid. “It’s going to ease in 2023, but it’s not going to go back to 2019,” said Tim Scharwath, Freight Chief Executive Officer, DHL Global Forwarding in a statement. “I don’t think we’re going to go back to this overcapacity situation where rates were very low. Infrastructure, especially in the US, isn’t going to get better overnight, because infrastructure developments take a long time,” he added.