As supply chains unclog, consumers enjoy (tentative) relief
2 years, 1 month ago

As supply chains unclog, consumers enjoy (tentative) relief

Associated Press  

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.

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History of this topic

How inflation and tangled supply lines are gripping economy
2 years, 10 months ago

How inflation and tangled supply lines are gripping economy

Associated Press  

WASHINGTON — Since the pandemic erupted two years ago, Forest Ramsey and his wife, Kelly, have held the line on prices at their gourmet chocolate shop in Louisville, Kentucky. Yet the key trends that have sent prices soaring — higher wages, parts shortages, rent increases, robust consumer spending — won’t likely fade anytime soon. Neil Dutta, an economist at Renaissance …

Key reason for supply shortages: Americans keep spending
3 years, 1 month ago

Key reason for supply shortages: Americans keep spending

Associated Press  

DETROIT — Take a step back from the picked-over store shelves, the stalled container ships and the empty auto showrooms, and you’ll find a root cause of the shortages of just about everything. “Demand is completely skewed,” said Bindiya Vakil, CEO of Resilinc, a consulting firm that helps companies manage supply chains. “We’re ordering a lot more than what we …

Supply chain stress is intensifying and showing no signs of fading, Moody’s Analytics says
3 years, 2 months ago

Supply chain stress is intensifying and showing no signs of fading, Moody’s Analytics says

CNN  

New York CNN Business — From port congestion and price spikes to widespread shortages, stress in US supply chains is intensifying and could slow the economy in the coming months, Moody’s Analytics warns. ‘There are no bright spots’ To measure the logistical strains impacting the economy, Moody’s recently created a US supply chain stress index that is made up of …

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