The coronavirus crisis snarled global shipping in early 2020, as borders closed. Industry experts expected shipping to stabilize as vessels returned to position. A year after the pandemic started, the shipping crisis has become much worse. Standard container rates on some one-way transpacific routes that were $2,000 have increased to $13,000, transit times have increased and congestion at some ports has become a costly nightmare. If these problems persist, some experts now think that container shipping could eventually become extinct, like the dinosaurs. This is one more reason for companies to think about abandoning long-distance supply chains for more localized manufacturing and supply chains.