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U.S. retailers' traditional lifeline from Asia is freezing up due to a resurgence of COVID-19 in countries like Vietnam and Indonesia plus a power-supply crunch in China.
Supply chain disruptions threaten to torpedo the make-or-break holiday season
The Flying Buttress once glided across the oceans carrying vital commodities like grain to all corners of the world.
Big retailers have hired their own ships to bypass log-jammed ports and secure scarce ship space at a time when COVID-19, as well as U.S.-China trade ructions, equipment shortages and extreme weather, have exposed the fragility of the globe-spanning supply lines we use for everything from food and fashion to drinks and diapers.
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The Flying Buttress once glided across the oceans carrying vital commodities like grain to all corners of the world.