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Read the article The End of the Supply Chain Crisis and What We Need to Learn For The Next One(s) and answer the essay question

Read the article "The End of the Supply Chain Crisis and What We Need to Learn For The Next One(s)" and answer the essay question below: Between 2020 and 2022, container freight rates experienced an unprecedented surge, reaching historical highs. Analyze the factors that contributed to this spike in container freight rates during this period. Explain the concept of demand- and supply-curves in relation to shipping services, and how these curves interacted to drive the changes in container freight rates. Describe the three-phase model that explains the timeline of this container shipping crisis, considering shifts in both demand and supply

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