According to the report on the website of the Japanese Economic News on 9th September , the commodity supply constraints caused by the New Champions epidemic and the crisis in Ukraine are being eased. As of August, the index showing the degree of chaos in the global supply chain has improved for four consecutive months, and the freight rate of container ships has dropped by 50% from the peak one year ago. The easing of logistics congestion will bring benefits for curbing inflation
The August index released on 7th September fell month on month for four consecutive months, which was the low level since January 2021 before the price rise became serious. 66% lower than the peak in December 2021. The Federal Reserve Bank of New York said: "The supply constraints eased in August to a considerable extent, and the delivery time of each respondent country was shortened.",
According to the statistics of relevant institutions providing international cargo data, the global ocean freight of 40 foot container will be about 12000 dollars when it reaches its peak in September 2021, which will rise more than five times within one year, but it is only about 5300 dollars, down about 50%. The freight rate of the main routes from East Asia to the west or east coast of the United States also showed a general downward trend. According to the statistics of the United States Department of Labor, from the peak in January 2022 to July 2022, the international air freight index also decreased by 16%.
Due to the decrease of sea freight and the devaluation of RMB, the orders of pet products industry, pet bags, cleaning supplies, pharmaceutical supplies, snacks, pet food, and pet bath supplies are also increasing, and they have been listed in the Best Seller category of Amazon Japan within three months.
