Yes, there are less raw materials, parts, and finished goods moving in containers.
“…the Baltic Dry Freight Index, which tracks shipping rates for cargo, is down 40% from its recent peak in early June  and by more than half from last fall’s highs.”
there is an “armada of empty tanker container ships anchored in the South China Sea. The biggest fleet of ships in maritime history sits empty and eerily silent off Singapore, instead of hauling goods and fuel to and from Asia”
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