The head of one of the two ports in the U.S.’s busiest maritime gateway said he expects congestion that has caused upheaval throughout supply chains to improve in about six months’ time.
Treasury Secretary Janet Yellen said that U.S. reliance on foreign supply chains has proved a vulnerability and that the country needs to produce more critical goods domestically in order to protect both its economic and national security.
What better way to work off the anxieties of the pandemic than an at-home boxing workout? Yet the company that’s capitalizing on that urge has had to deal with its own set of frustrations in getting product to market.
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.