The Ocean Freight Shake-Up

Ocean shipping is undergoing a seismic shift—freight rates have plunged by up to 90% from pandemic highs, forcing carriers to rethink their strategies. In this episode of The Chain, Matt and shipping expert Brittney break down the factors behind this dramatic decline, from overcapacity to shifting demand. Plus, we explore how geopolitical tensions in the Red Sea are influencing global trade and what the future holds for ocean freight. Is this the new normal, or will the market rebound? Tune in to find out.