Chemicals and Market Impact

See today's daily for more on this, but while the freight rate moves are more than likely going to correct to a degree at some point, their continual escalation has multiple implications for the chemical and plastic industry as they are most impactful on cheap imports from Asia targeting low-cost furniture, appliances, toys, and household goods where the base cost of the product is low and the move from $3,000 to $10,000 per container wipes out any advantage of manufacturing offshore.