Executive Briefings

Container Shortage Could Slow Exports of U.S. Meat

American meat exporters are struggling with a "dire" shortage of shipping containers that could slow resurgent sales to Asia and other overseas markets, the top executive of the U.S. Meat Export Federation says.

"As we are starting to see our exports ramp up we are obviously experiencing a shortage of containers," according to Philip M. Seng, the federation's president and CEO.

He said the shortages are less severe than they were two years ago but remain a problem, particularly in trans-Pacific trade. "There is a shortage now. We're concerned that it could get worse ... Hopefully it won't retard sales too much," Seng said.

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American meat exporters are struggling with a "dire" shortage of shipping containers that could slow resurgent sales to Asia and other overseas markets, the top executive of the U.S. Meat Export Federation says.

"As we are starting to see our exports ramp up we are obviously experiencing a shortage of containers," according to Philip M. Seng, the federation's president and CEO.

He said the shortages are less severe than they were two years ago but remain a problem, particularly in trans-Pacific trade. "There is a shortage now. We're concerned that it could get worse ... Hopefully it won't retard sales too much," Seng said.

Read Full Article