Global ports are growing more gridlocked as the pandemic era’s supply shocks intensify, threatening to spoil the holiday shopping season, erode corporate profits and drive up consumer prices.
European Central Bank President Christine Lagarde warned that the globalized nature of the euro area’s economy makes it highly vulnerable to systemic shocks from supply chain disruptions.
Commitments from shippers and cargo owners to move toward around-the-clock unloading at the docks in Los Angeles are a first step to addressing a national supply chain backlog.
President Biden wants to break a logjam at U.S. ports and stave off a holiday season of shortages and delays — bottlenecks that officials and stakeholders say extend far beyond the reach of the White House.
Retailers are trying to maintain a cheery outlook despite looming pressures on the upcoming holiday season, including worker shortages and supply chain disruptions, according to a new report.
Apple could slash its projected iPhone 13 production targets for 2021 by as many as 10 million units as prolonged chip shortages hit its flagship product.
China’s week-long holiday has exacerbated congestion at two of the country’s busiest ports — Shanghai and Ningbo — where hundreds of cargo ships are waiting to berth.
Tens of thousands of factory employees have gone back to their home villages from Vietnam’s southern industrial belt — and millions more are poised to follow — after months-long COVID-19 restrictions recently eased.