WSJ: Port bottlenecks could extend through 2022

According to a report in The Wall Street Journal (WSJ), the supply chain problems that have been hampering industrial production around the world are not likely to disappear any time soon. Some of the busiest US ports estimate that shipping bottlenecks will continue through 2022, with manufacturers and retailers attempting to replenish depleted stocks.

Congestion at ports contributes to the worldwide shortage of containers and rising sea freight costs. Ports are one of the many bottlenecks in global supply chains, with ships full of consumer products as well as factory inputs.

For Sam Ruda, director of the Port Authority of New York and New Jersey, traffic jams will only ease when the Covid-19 pandemic ends. “That’s really what will tell us how long what we’re seeing today will last,” he told the WSJ.

Last month’s two-week closure of the container terminal at China’s Ningbo-Zhoushan port – the third busiest in the world – because of a local Covid-19 outbreak, has only worsened the global situation.

Source: Valor Econômico

To read the full original article, visit the link:

https://valor.globo.com/mundo/noticia/2021/09/06/congestionamento-nos-portos-pode-se-estender-por-2022.ghtml

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