Products produced through integrated supply chains are most vulnerable.
Shipping is used more
frequently in global production processes, and intermediate goods frequently cross borders multiple times within and between regions.For instance, this is the situation with goods from East Asia that are going to major markets in North America and Europe.The current freight rate increase may result in an 11 percent increase in consumer prices for electronics and optical products, such as computers.Some low-value-added products will also be affected by higher shipping costs:The consumer price increases could amount to ten percent, for products made of leather, textiles, and clothing, among other things.