July 10th – July 16th
There’s still over $40B in cargo on container ships waiting offshore
Anchorages continue to fill with waiting container ships off East and Gulf Coast ports, where vessel queues have now far outgrown those off the West Coast. Along all three coasts combined, the number of waiting container vessels remains exceptionally high.
Retail inventory in 2022: Normal is still nowhere in sight
With Target taking the vocal lead, retailers are flushing out excess inventory to reset for the holidays. How much they’ll sell then is anybody’s guess.
Labor unrest disrupts supply chains from sky to sea
Each wave of supply shock to hit the global economy during the pandemic seems to produce a different scapegoat.
First came the shipping container shortage of late 2020, caused largely by American consumers stocking up on everything from backyard games to home-office equipment.