In the midst of a growing supply chain crisis, suppliers are increasingly being forced to accept longer payment terms from buyers. Both sides are desperate to protect their cash, but the trend threatens to undermine the stability of suppliers, and can only serve to exacerbate the situation.
With many of the world’s 400,000 merchant mariners still struggling to take time off and go home, seafarer fatigue remains a problem heading into the second holiday season of the pandemic.
The global economy’s supply crunch is propelling inflation at such a fast pace that central bankers may be forced to respond, even though fixing that imbalance is beyond their power.
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.