Stay updated with breaking news from Chris Adderton. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Marking an important turning point in the United States, President Biden's Executive Order targeted at supply chain resiliency will prove key for countless businesses.
The supply backlogs of the past two years — and the delays, shortages and outrageous prices that came with them — have improved dramatically since summer. The web of factories, railroads, ports, warehouses and freight yards that link goods to customers have nearly regained their pre-pandemic levels.
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/tronc/S2DLXSXGC2XDV7BJBEOJFDI4XU.jpg)
The supply backlogs of the past two years — and the delays, shortages and outrageous prices that came with them — have improved dramatically since summer.
The supply backlogs of the past two years — and the delays, shortages and outrageous prices that came with them — have improved dramatically since summer.
In January, 109 container ships waited off the California coast to unload cargo in Los Angeles and Long Beach, the nation's two largest ports. Consumers, stuck at home amid the covid-19 pandemic, had unleashed an avalanche of orders for goods that overwhelmed factories and ports.