Comment by chewmieser
2 years ago
As someone in the industry my experience was sudden insanely high shipping & container costs and an inability to get stuff out of port while storage fees added up. Of course prices for goods had to increase to support these sudden expense increases. You literally could not get containers at all at certain points during the pandemic.
My company, and I suspect others as well, were cautious about reducing prices as shipping costs eased. Which has contributed to their healthy margins but others are finally starting to lower their prices as well which is now causing us to do the same.
This was also my impression, that it is one of the reasons, why prices increase and also fall.
(thanks for the insight and not spreading the boring anti-capitalism and marxist virus, that hackernews usually gets infected with)