As supply chains unclog, consumers enjoy (tentative) relief
Associated PressBack 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.
History of this topic
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