Senior executives from leading global shipping companies and industry groups underlined growing operational and economic challenges to goods trade during a 28 May meeting with WTO Director-General Ngozi Okonjo-Iweala. They noted that, while global supply chains have demonstrated resilience, efforts to identify and rely on alternative maritime routes amid disruptions – particularly in the Gulf region and other chokepoints – are driving up costs for shippers and ultimately consumers.
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Shipping industry cites mounting cost, capacity pressures amid global trade disruptions
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