Many in Belize are facing hard times. That's because some basic items on the grocery shelves have doubled or even tripled in price.
It's a side effect of global supply chain disruptions, shortages of containers, increase in the price per freight, and even an infrequency of cargo voyages.
It's an issue we broached with customs broker Delroy Fairweather, here's how he explained the correlation between big ships sailing on the ocean and empty shelves at your corner store:
And those increases in ocean freight charges, some of which are up 300%, are calculated from the CIF. That's cost, insurance & freight based on a percentage or tariff. It means that freight costs aren't only affecting the transportation of goods but also their resulting taxes and duties.