The prospect of the U.K. and EU not having preferential customs arrangements from Jan. 1, 2021 is rising after the failure of the latest round of negotiations. Press reports suggest the U.K. government’s “Smart Freight System” may struggle to perform from day one, causing potential chaos for supply chains that run through U.K. ports. Hutchison Ports’ Felixstowe facility is already facing challenges due to ongoing labor challenges which most recently led Maersk to restrict operations and CMA CGM to apply a surcharge on shipments from Asia to the port. Total volu...