One of the world’s biggest shipping companies just issued a downbeat assessment of the global economy, saying container demand will fall as much as 4% this year. For those hoping this will rapidly cool inflation, it had more bad news.
Alongside its demand downgrade, A.P. Moller-Maersk A/S said the price pressures that have come to dominate the post-pandemic economy — while easing a bit — are going to stick around for a while as elevated energy prices and labor shortages prop up costs across supply chains.
