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There’s an Inflation Sting in Maersk’s Global Demand Warning
- Shipping giant says price pressures may stick around
- Notes easing bottlenecks, but also high energy, labor costs
Maersk moves millions of containers around the world every year.
Photographer: Carsten Snejbjerg/BloombergThis article is for subscribers only.
One of the world’s biggest shipping companies just issued a downbeat assessment of the global economy, saying container demand will fall as much as 4% this year. For those hoping this will rapidly cool inflation, it had more bad news.
Alongside its demand downgrade, A.P. Moller-Maersk A/S said the price pressures that have come to dominate the post-pandemic economy -- while easing a bit -- are going to stick around for a while as elevated energy prices and labor shortages prop up costs across supply chains.