Two from gCaptain. First up, the headliner:
In its latest update addressing supply chain disruptions, the world’s top shipping company Maersk said the challenges the United States is facing with its supply chain is a byproduct of its growth and that more needs to be done to keep pace with increasing consumer demand.
Speaking on a panel at the South Atlantic International Trade Conference in Charleston, South Carolina, Maersk’s North America Regional Managing Director, Narin Phol, discussed the nation’s current supply chain challenges and ways forward.
The disruptions in manufacturing and ports in the Far East in early 2020, due to COVID-19, disrupted the normal flow of trade. But now that life is returning to normal in much of the United States, with people returning to offices and schools back in session, there’s been renewed demand from American households that is contributing to the rise in U.S. imports. After all, 70% of U.S. GDP is linked to consumer buying so it’s the U.S. consumer driving the economy, according to Maersk.
“The current situation is a growth story in the U.S. – and the supply chain disruption you are seeing is a byproduct of this growth. The challenge is every part of the U.S. supply chain needs to build more resilience and capacity to keep pace with consumer demand,” said Phol....
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That's certainly an upbeat take on things. And from Bloomberg via gCaptain:
US Likely to Experience Longer Supply Chain Delays Than Other Economies
The U.S. is suffering longer delivery delays than other economies because of stronger demand from American consumers, a signal that high inflation rates are likely to persist, according to the latest research by the Institute of International Finance.
IIF analysts looked at data on delivery times from manufacturing surveys in all major economies. They found that while the global supply-chain crunch is causing tailbacks everywhere, the U.S. “continues to be an outlier” in the latest monthly data from October, with longer waits for supplies to arrive....
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