Smaller economies that produce a lot of these goods may lose out to larger economies as a result of

these increases.In addition, it will be more challenging for these nations to import the advanced
machinery and industrial materials they require to advance up the value chain, diversify their
economies, and accomplish the Sustainable Development Goals (SDGs).In the short to medium term,
disruptions in maritime transportation and persistently high container freight rates threaten to impede
recovery even in major economies.The analysis conducted by UNCTAD came to the conclusion that, for
instance, a 1% increase in container freight rates could result in a 1% decrease in industrial production
over the course of time.