The number of container ships headed for the busiest U.S. port complex has risen to close to 100 under a new counting method, underscoring the magnitude of the economy-restraining logjam that the Biden administration is trying to help alleviate.
President Biden said his administration’s work has begun to alleviate supply chain disruptions and that higher inflation is a “natural byproduct” of the global economy’s recovery from the pandemic.
Soaring commodity prices and supply chain bottlenecks are threatening to push up the cost of batteries seen as crucial in the fight against climate change.
The record volume of cargo moving through the U.S.’s busiest port complex is likely to continue amid high consumer demand for goods, the head of the Port of Long Beach said.
One of the world’s biggest ocean carriers is dangling incentives of as much as $200 a container for help in clearing the backlog at Southern California’s ports.
The journey of Tonka’s Mighty Dump Truck toy from its Asian factory to U.S. stores offers a window into what it takes for a small toymaker to survive 2021.
Asia’s largest ports are showing signs that congestion is easing ahead of the holiday season, a potentially positive step for key trade gateways in the U.S. that are still battling an influx of imports.
American consumers are showing little sign of returning yet to their normal balance of spending on services over goods, with a heavy reliance on imported products, according to two indicators based on shipping data.
Food prices will likely stay elevated in 2022 as disruptions to the global supply chain are set to persist, according to the head of Cargill, who highlighted labor shortages as one of the biggest risks facing the industry.