U.S. supply chains have a chance to normalize after retailers replenish inventories next quarter, even if peak summer demand arrives sooner than usual, according to Port of Los Angeles Executive Director Gene Seroka.
The European Union unveiled its plan to use its economic leverage to attract large semiconductor producers like Intel Corp. and Taiwan Semiconductor Manufacturing Co., but reaching the full 45 billion euro ($51.4 billion) price tag depends on a controversial and untested method of subsidizing production.
Growing Republican criticism risks complicating passage of a once-bipartisan bill intended to make the U.S economy more competitive, saying it goes too easy on China even as it aims to aid the domestic semiconductor industry.
U.S. economic growth accelerated by more than forecast in the fourth quarter, fueled by the rebuilding of inventories and capping the strongest year since the 1980s.
Global supply chains are nearing a turning point that’s set to help determine whether logistics headwinds abate soon or keep restraining the global economy and prop up inflation well into 2022, according to several new barometers.