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Global Supply Chains Are a Mess. Here’s What It’s Going to Take to Fix It

30.11.21 | Cuca Margoux

Contributors: Margaret Sutherlin and Brendan Murray

What You Need To Know

Dozens of fully loaded container ships are floating off the ports of Long Beach and Los Angeles in the U.S. In China, ports screech to a standstill with even the smallest outbreaks of Covid-19. After Brexit, cargo is piling up at U.K. ports because of a scarcity of truckers.

Everywhere you look, the global supply chain is a mess and shortages of everything from fuel to food and toys are driving prices higher. While it may be easy to point the finger at the pandemic, it only deserves partial blame. Severe labor shortages, antiquated infrastructure, containers in the wrong parts of the world and sustained consumer demand from the U.S. have all disrupted the normally synchronized flow of global trade.

learn more: bloomberg.com