The sudden outbreak of the Covid-19 hit hard in 2020 and left its tremendous impacts on the global economy. The disrupted supply chains due to the global port & container disruptions caused a delay of the ordered goods in international trade & resulted in rising freight costs, making trade deals complex for the global SMEs exporters on an international level. In this regard, the Drewry World Container Index that tracks the average price of a 40-foot shipping container issued a report in June stating an all-time high with the average price rising to US$6,957, which is highlighting an eye-watering 305.7% compared to the last year. Read more: https://www.emeriobanque.com/blogs/impact-of-increasing-freight-costs-on-global-smes