A log-jam of container ships waiting to dock and unload in Los Angeles ports. Semiconductor shortages generating a backlog of orders around the world for computers and electronic devices. A massive container ship beached in the Suez Canal clogging up global merchant sea traffic. Rising energy prices due to delivery delays in oil and natural gas. Shortages of food and consumer items in stores. The global economy’s transportation and logistical infrastructure appears to have broken down in recent months, threatening global commerce at the moment when the world economy is trying to recover from the coronavirus pandemic.

In the United States, more than 100 container ships were waiting in late October to unload tens of thousands of containers at the two ports of Los Angeles and Long Beach, which together account for 40 percent of all shipping containers entering the country, leading President Joe Biden to order that the Long Beach…

Read more…

Share.

Comments are closed.