"...Coronavirus may be costing container shipping lines $350m every week...
"...maritime analyst Sea-Intelligence said the “rapid mass cancellation of additional sailings” from China was likely to cause capacity shortages for backhaul shippers three to six weeks into the future, depending on geography.
It recommended export shippers to Asia to “prepare not only contingency plans for potential capacity issues, but also for significant price spikes”..."
https://theloadstar.com/coronavirus-may-be-costing-container-shipping-lines-350m-every-week/
Two problems here for A2M, because most of its supplies are shipped through sea freight:
1) Lost sales due to shipping capacity constraints (empty shelves)
2) Dent in the margin due to spike in shipping costs (prices must already be increased due to local hoarding, A2M wont be able to pass on increased shipping costs)
"...Coronavirus may be costing container shipping lines $350m...
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Last
$5.92 |
Change
-0.050(0.84%) |
Mkt cap ! $4.315B | |||
| Open | High | Low | Value | Volume |
| $5.96 | $6.00 | $5.87 | $7.745M | 1.305M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 5732 | $5.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.93 | 13617 | 14 |
View Market Depth
| Last trade - 15.22pm 02/05/2024 (20 minute delay) ? |
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Last
$5.92 |
Change
-0.050 ( 0.88 %) |
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| Open | High | Low | Volume | ||
| $5.97 | $5.99 | $5.87 | 594668 | ||
| Last updated 15.39pm 02/05/2024 ? | |||||
| A2M (ASX) Chart |