As supply chains unclog, consumers enjoy (tentative) relief
Back in January, 109 container ships waited off the California coast to unload cargo in Los Angeles and Long Beach, the nation’s two largest ports. “We’re not seeing significant shortages of items.” “Supply chains are really not the problem anymore,’’ agreed Timothy Fiore, who leads the Institute for Supply Management’s manufacturing survey and is chief procurement officer at the transportation firm Ryder System. “We’re returning to the mean and the trend lines that existed pre-COVID,” said Chris Adderton, senior vice president for the Council of Supply Chain Management Professionals. Fed Chair Jerome Powell, echoing the views of many analysts, predicted that soaring prices would prove “transitory’’ and would ease once it became easier and cheaper to ship products. “The inventory has arrived, warehouses are full and we’re scrambling to move the merchandise,” said Thomas Goldsby, logistics chairman in the Supply Chain Management Department at the University of Tennessee.
Supermarkets struggle to keep up with demand as COVID-19 spreads among workers
Discover Related
QUOTES-Markets extend plunge after Powell says Fed to wait and see on tariffs impact
Consumers are worried about the economy. Why it isn’t all gloom and doom.
Front-loading ahead of tariffs boosts US durable goods orders
Retail giants bullish on consumption rebound
Fed projections show economy radically changed by Trump’s election
Fed Chair Blames Trump's Tariffs For Pushing Up Inflation Again
US shoppers increased spending tepidly last month as anxiety over the economy rises
US Sentiment Drops, Price Expectations Soar on Tariffs
Big retailers’ hardball tariff playbook: Haggle, diversify, raise prices
Retail sales came in weaker than expected, another bad sign for the US economy
Charting the Global Economy: Tariffs Fuel US Inflation Concerns
Consumer sentiment plunges as US ‘frightened’ of ‘sharply higher prices’
PPI: US wholesale inflation substantially slowed in February
China’s CPI falls in February, deflation problems get worse
More consumption incentives needed
Inflation is easing, but another alarm bell is ringing about the US economy
Wall Street falls as U.S. consumers get more pessimistic about inflation, tariffs
Consumer confidence: Americans are souring on the economy. Inflation and tariffs are to blame
If Trump wants to fix the inflation crisis, he has a funny way of showing it
US consumer sentiment plunges over tariff and inflation fears