Europe is feeling significant pressures around materials like the rest of the world, with issues expected to continue as large global demand for infrastructure continues.
Shipping turn-around times have jumped from 60-days to 100-days and prices to ship one container from Asia to Europe have ballooned from €1500 to €7500. Already, increased demands on shipping are further complicated due to delayed returns of containers to continue the cycle.
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Major economies have seen increases in demand as they try to revive their economies, which has contributed to shortages and price inflation.