Supply Chain Crisis May Last Until February
The global supply chain conditions could still be with us well into next year.
According to Fortune, the global supply chain crisis will worsen before it begins to ease, one of the world’s biggest logistics groups says, warning disruptions in transpacific trade in particular could last beyond the lunar Chinese New Year in February. A record 100 vessels on Tuesday waited to dock at the historically unproductive U.S. ports on the West Coast, according to Kuehne+Nagel, resulting in mammoth queues of, on average, two weeks before the ships can unload their goods.
Many have started to point out that the issue may be in the infrastructure of our ports. Trefzger even took a shot at America’s key port infrastructure. He said he saw little sign of an improvement in the chronically low productivity of the west coast harbors, and little to no improvement following President Biden’s announcement last week to run the Port of Los Angeles around the clock. The White House said the expanded hours had the “potential to be a game changer.”
