Container Production, from crisis to opportunity?
By Ibrahima DIALLO
December 21, 2021 / 09:43

The maritime freight segment represents one of the activities most impacted by the Covid-19 crisis in the logistics sector. The pandemic has literally exposed the fragility of logistics chains on a global scale, which suggests a real dependence on the Chinese giant.

Indeed, the explosion in container prices from the Middle Kingdom, which have increased by almost 1.000% since 2020, is a real illustration of this.

Other significant impacts to highlight: equipment shortages, port congestion, and even the outright closure of port units due to the health situation.

"An explosive cocktail" which prompted the United Nations Conference on Development (UNCTAD) to sound the alarm.

The Organization is therefore counting on a 1,5% increase in consumer prices at the global level for 2023, a surge that could reach 7,5% for island states and 2,2% for the least developed economies where import prices are expected to rise by 11% during the same period.

Increases which have a negative impact at the national level, and which encourage the Executive to strengthen the Compensation Fund by 16 billion DH while implementing customs measures to maintain the price of agricultural inputs, particularly cereals.

An exceptional circumstance which recalls the importance for each country to benefit from strategic autonomy at all levels.

This will help protect against this type of shock. More than a crisis, this situation represents an opportunity for Morocco, which would have the advantage of setting up a container production industry.

A rapid investment in this segment in such a context could offer a new growth period to the national economy, especially since the shortage of containers is more present than ever.

To expand its offering as a logistics hub, while providing a competitive offer to its natural markets, namely Europe and North America, the Morocco platform will necessarily have to set up this project.

If the enthusiastic forecasts of maritime freight operators who have already announced record results for 2021, the strategy adopted could prove beneficial in the event of reinforcement by the resurgence of the Moroccan flag.

 

 

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