"The logistics industry does not see 2022 as having any less disruption in supply chains than in 2021," Price told AFP in an interview. "Some of those costs are going away," said Price, who said 2022 shipping rates would be increased by 2.8 percent on average, well below the 10-year average. In 2021, UPS raised prices between 4.0 and 5.5 percent, depending on the market. Apparel company Lululemon Athletica said coronavirus restrictions forced closure of factories in Vietnam, which account for one-fifth its inventory. Price expects to hold UPS's price increases to the 2.8 percent level as more aspects of the supply chain normalize.

Source: Bangkok Post September 13, 2021 01:52 UTC