During the 2021 global shipping container crisis, by approximately what percentage did the cost of shipping a 40-foot container from Asia to Europe increase at its peak compared to pre-pandemic rates?

In 2021, a major supply chain disruption affected the global transportation industry, causing massive delays in product shipments worldwide and dramatically increasing shipping costs. This crisis highlighted vulnerabilities in just-in-time inventory systems and the interconnected nature of global transportation logistics. Test your knowledge about this significant event that reshaped transportation industry practices and led many companies to reconsider their supply chain strategies.

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Around 100% (doubled)
Around 300% (quadrupled)
Around 700% (eight times higher)
Around 1500% (sixteen times higher)