Wait! Isn’t there supposed to be supply shortages and cargo ships not able to unload?
So which is it?!? Consumers getting record high imports or consumers forced to do without imports because of shortages?
Wolter said the supply crunch has exposed the vulnerability of globalized just-in-time supply chains.
“We’ve had to actually machine components that we don’t normally do, just to get our customers out of a bind. It’s crazy,” she said, adding that she would like to see more reshoring of supply chain components to alleviate what she called a “very vicious cycle.”
56 Ships waiting at L.A., more at Long Beach, and other ships still adrift
since the mooring areas are already occupied.
Wait until they hit shore for off loading, and then see the trade deficit escalate.
Normal transport of containers a year ago was approx. $2,000;
last week the reported expense per container is $16,000.
Don't worry, the FED has stated that inflation is "transitional" <- do you believe that ? .. /s