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
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