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We are in greece, where a chinese state-owned shipping company, cosco owns a majority of this port and business is booming. the port across athens there is as ancient as the city itself. we weren't allowed to film at the port cosco didn't respond to our request for an interview, so we took to the sea a chinese cosco ship is waiting to dock another is unloading this port is one of many major infrastructure projects carried out by chinese companies, always with the backing of beijing a good thing to some. >> it is the fastest growing port of the world. thanks to the volume and the management of ...

Okay. we are waiting for president biden to address the problems plaguing the global supply chain, meaning the problems we've all had in getting everyday goods. this is an issue that is growing more urgent with the holidays around the corner and some analysts warn that the worst is yet to come. >> dozens of full cargo ships are right now clogging the california coast because they can't be unloaded fast enough. and on land, there's a shortage of dock workers and truck drivers to get the goods to your stores where you shop. the president has been meeting with business and labor leaders to try to...

Wars, we certainly, we don't have good records for the last pandemic of 1918, but it was predictable that after any kind of national emergency, you've got pent up demand, and supply shocks all over the system. >> yeah. you know, the other direction, comment of bringing them in sends me is that once they get into port, there's a shortage of dock workers. there's also a shortage of truck drivers and i know from reading your opinion piece in the guardian this morning is that you don't think there is a label shortage and what we're seeing is a necessary pain. explain why. >> well, this is a larger...

These hours... >> reporter: clearing the backlog may take months. it could be the end of 2022 before things get back to normal-- normal meaning a ship enters the port, unloads and departs with no delays. >> we need to see further downstream logistics. they all have to fire at the same time for it to become very efficient. >> reporter: they're not going to be able to beach the magic wand to make this go away. >> there is no magic wand. it's a huge bottleneck. >> reporter: at the end of the supply chain, are store owners like tony jabuka, whose bike shop is just down the street from the backed-u...

In l.a. 16 days. the point is during the pandemic demand fell like a rock and production. now we want stuff, we don't have the capacity to match it. >> we're seeing a 4 times increase for containers coming in. other he not good news for any schipper. great news if you are an ocean carrier or carrier truck provider. >> supply chains talking about planes, ships, forklifts, dock workers, trucks. basically every link to get you the stuff that you want. why is it costing more? three years ago a container from china cost $2,000. right now to go to the west coast $13,000. to go east coast $19,000. we...