International freight: what about transportation costs in 2021?
With the collapse of the crude oil prices in 2020,producer countries have experienced an unprecedented crisis, pushing OPEC members to gradually regulate their production.
These measures, as well as the beginning of the global economic recovery, have enabled the Brent barrel to start a upward curve since November 2020 (cf.International transport: oil prices go up) to reach USD 55 on 20/01/2021.
Most experts are considering maintaining the price of black gold around 50-60 USD/baril in 2021, tOut by highlighting the lack of visibility in the short term...
Indeed, the impact of the VOCID-19 pandemic on the global economy and international trade is difficult to assess in the coming months: demand could again retract in the event of a strict and widespread reconfinition.
In addition, geopolitical tensions between OPEC members could undermine the agreement on the limitation of oil production.
To go further...
- Sales Administration (SDA) Subcontracting Export
- Import/export flow management (air & maritime)
- Diagnosis of international logistics flows
Thanks to ourGlobal Supply Chain Management Experts, move from a transport policy at least so-called to a real supply chain strategy efficient, secure and efficient!
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