The supply chain crisis threatening the global economy risks lasting at least another year unless governments step in to help ease the disruption, one of the world’s top shipping companies has warned.
Jeremy Nixon, chief executive of Ocean Network Express, which carries more than 6 per cent of the world’s containerised freight, urged governments to boost investment in the the capacity of their ports, railways, warehousing and road systems.
“There needs to be some government support here to maybe switch people out of some parts of the economy where demand is not so strong to more critical parts of the economy where the demand is very strong and important for global supply chains,” he said.
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