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These disruptions cascaded into the global shipping industry where ports like the Port of Los Angeles, a major hub for imports from Asia, are unable to clear their shipyards in a timely fashion, further exacerbating the supply chain crisis. This has led to suggestions that stockpiles and diversification of suppliers should be more heavily focused.
America’s most popular fruit might be taking a temporary leave of absence from some grocery store shelves. The first East Coast port strike since 1977 shut down 36 ports from Maine to Texas on ...
A shortage of rail workers is causing cargo to pile up once again in America's ports. Carter Evans reports from the port of Los Angeles, a key link in the U.S. supply chain."
Supply chain disruptions have always been a part of global trade. However, a new report from HSBC highlights how companies in the current market are increasingly exposed to unexpected global events.
The United States Chamber of Commerce insisted that Biden take action to stop the strike, recalling the negative impact supply chain delays and shortages caused to the economy during the COVID-19 pandemic early in Biden's presidency. [8] Republican lawmakers and business groups urged Biden to apply the 1947 Taft-Hartley Act to end the strike.
As Indonesia is the largest producer of palm oil, and with a harvest decline in the second largest producer and neighbor Malaysia, the ban has caused severe global supply chain disruptions and further exacerbated the price increases caused by the loss of Russian and Ukrainian oil exports and failures of soy crops in South America. [85]
WASHINGTON (Reuters) -New orders for key U.S.-made capital goods and shipments unexpectedly fell in February after nine straight monthly increases, but a rebound is likely as factory activity ...
The United States Census Bureau's Household Pulse Survey published weekly statistics of the effects of the pandemic on Americans' lives. For week 12 (July 16–21), 51.1% of respondents reported a loss of employment income since March 13, 2020, 12.1% reported food scarcity, 40.1% delayed getting medical care in the past four weeks, and 26.5% ...