Europe’s Small Businesses Hammered by Booming Shipping Costs
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Watch out for the fate of Europe’s small import-export exposed businesses, as chaos in global supply chains continues to hurt that corner of the continent’s economy.
The cost of hauling 40-foot boxloads of goods to Rotterdam from Shanghai surged to $13,787 per unit on Thursday, according to Drewry Shipping. The average at this time of year over the prior five years was $1,670.