An article in the Wall Street Journal (June 24, 2024) titled “Ocean Shipping Prices are Pushing Towards Pandemic-Era Highs” describes the doubling of freight from Asia to the East coast of the US. It suggests that the Houthi rebel ship attacks have caused ships to spend 10 more days to travel around the Cape of Good Hope rather than use the Suez Canal, coupled with a surge in orders placed with Chinese manufacturers ahead of tariff increases, a reduction in traffic through the Panama Canal due to drought conditions, and worries of dock worker strikes in the East and Gulf Coast ports. At the same time air shipments are on the rise, thus increasing costs and cutting shipper margins. Is the front loading of orders a temporary price impact that one can expect to be resolved as soon as the replenishment orders get shipped ? Will continued global shipping worries increase the benefit for domestic sourcing and justify the higher domestic manufacturing costs ? What steps can one expect to restore the safety of global shipping through the Suez Canal ?