If you’re in the United States, you likely feel the impact of logjams in the global supply chain. Supermarket shelves take longer to be restocked, and you worry that the Christmas gifts you ordered online may not arrive in time. The higher price tags of the things you buy also partially reflect record-high shipping costs.
In August, Steve Saxon, McKinsey’s Shenzhen-based partner leading the Travel, Logistics & Infrastructure Practice in China, and Jaana Remes, a partner with the McKinsey Global Institute, explained why shipping costs between China and…