Maybe we can ask a related question: How can we profit from these oscillations? If they're predictable, there should be an arbitrage opportunity.
If you store the products in containers, it's easier to ship them when there's a squeeze, and you're also warehousing containers ;)
Of course, the more people who buy the glut and sell the squeeze, the less of a glut and a squeeze there is.
I can certainly see opportunity to profit through stock market inefficiencies. Eg transportation stocks that were overpriced on supply chain FUD