Supply chain chaos: Holiday Edition :: exploreClarion.com

CLARION, Pennsylvania (EYT) – Michael Patton of Patton Financial Advising submitted the following article: Supply Chain Chaos: Holiday Edition.

The supply chain is the network through which products flow from suppliers ‘factories to retailers’ inventories so that they can ultimately be bought by consumers. Corporate supply chains have been under pressure since the pandemic began, but the stress intensified in the final months of 2021 as demand for goods spiked and the holiday season quickly approached.(1)

The California ports, which receive about 40% of US imports, are now operating around the clock, but workers still can’t keep up with the onslaught of container ships arriving from overseas. In mid-November there was a record backlog of ships that waited at sea for more than two weeks to unload their cargo.(2)

Other US ports are also congested, and a severe shortage of truck drivers and warehouse workers has further slowed the distribution of goods across the country. These bottlenecks held back finished goods as well as the input and raw materials required to manufacture the products domestically.

Read the full article here: https://www.pattonadvising.com/HOT-TOPIC-Supply-Chain-Chaos-Holiday-Edition.c9821.htm

Patton financial advice
51 N. 4th Avenue
Clarion, PA 16214
814-226-9400

Toll Free 1-877-547-2751

Visit the website: www.pattonadvising.com

Securities are offered by Cetera Financial Specialists LLC, a member of FINRA / SIPC. Advisory services offered by Cetera Investment Advisers LLC. Cetera companies are separately owned by other companies.

Copyright © 2021 EYT Media Group, Inc. All rights reserved. Any copying, redistribution or redistribution of the contents of this service without the express written consent of EYT Media Group, Inc. is expressly prohibited.

About Christine Geisler

Check Also

GM is open to further agreements with suppliers to ensure production of electric vehicles

With inflation and rising commodity prices, General Motors is planning strategic partnerships with suppliers to …