All in the same boat – Maritime Cargo Services explains shipping situation
For tyre distributors in import-heavy markets such as the UK, the sharp and sustained rise in the cost of shipping product from key sources such as China and South-East Asia is a major headache with potential market-reshaping consequences. While there have been varying levels of success in managing this headwind according to some in the market with whom Tyres & Accessories has spoken, strategically placed orders and bumper levels of stockholding can only ameliorate prices on such products for so long. Wholesalers have faced a difficult trading environment this year, which to this point has shown little sign of abating.