manufacturing

  1. America's Supply Chain is Seriously Strained

    What is happening with the supply chain: A huge clog in the supply chain pipeline is causing major delays in imports of goods such as toys, clothing, electronics, and other items. No one knows how to fix it or what to do.  80% of goods are transported overseas Covid outbreaks in Chinese ports also affects shipping status Inflation is increasing as demand outpaces supply  How does this affect businesses and companies: The median cost of shipping has almost doubled since July, which was already twice what it cost in January. Businesses are having to order ahead of time to avoid running out of goods, which is only making things worse by increasing the shipping backlog. Companies are not receiving their products on time or in the quantity they need, leading to a shortage of goods, which then leads to disappointed and frustrated customers.  Continue reading →

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