久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Americas

Trade snags piling up in US

By WILLIAM HENNELLY in New York | China Daily | Updated: 2021-10-19 11:07
Share
Share - WeChat
With containers like these stacked at a port in Newark, New Jersey, on Sunday, supply chain disruptions are deepening in the US. [TAYFUN COSKUN/GETTY IMAGES]

Clogged ports and unfilled jobs add to economic strains amid retail spree

The words "supply chain" have jumped to the fore of the national conversation in the United States recently.

Backlogs at ports, worker shortages, a supply-demand imbalance and other economic realities stemming from the COVID-19 pandemic have startled US consumers and politicians. Talk of a bleak holiday season with barren retail shelves and undelivered goods is growing louder.

On Sunday, US Transportation Secretary Pete Buttigieg warned that the supply chain problems likely will extend into 2022.

Buttigieg said the crunch was heightened by extraordinarily pent-up demand in the US.

"Demand is off the charts; retail sales are through the roof," he said in an appearance on CNN's State of the Union program, while transportation and shipping networks have struggled to keep pace.

"We are relying on supply chains that were built generations ago. It's one of the reasons why this entire year we have been talking about and working on infrastructure and are eager to see Congress to act to get this infrastructure deal through," Buttigieg told CNN's New Day program, in reference to the infrastructure bill put forward by the administration of US President Joe Biden and which has now been stalled in a divided Washington.

Biden on Wednesday announced an agreement by the Port of Los Angeles to begin 24-hour operations to ease congestion that has led to scores of cargo ships anchored off the Pacific coast waiting to unload.

Another Southern California port, Long Beach, has worked around the clock for a month. The two ports combined handle 40 percent of container traffic in the US, with the bulk of the shipments arriving from China.

Port of Long Beach Executive Director Mario Cordero attributed the logjams to rising consumer demand and online sales, in an appearance on Fox News Live on Sunday.

"One factor is e-commerce," he said. "Americans have used e-commerce at a … 20 percent increase. So I think there's a certain aspect to this that is consumer demand, and that's one of the many factors that's causing the surge and disruptions of the supply chain. It's going to take collaboration by everybody in the supply chain."

With millions working from home during the pandemic, the yearslong drift to e-commerce has been turbocharged.

Consumer demand has grown so rapidly over the past two years, it's equal to about 50 million more people joining the economy, Jonathan Gold, vice-president of supply chain and customs policy at the National Retail Federation, told Business Insider.

"There are very few, if any, industries that could handle a ramp-up in demand like that, especially when you consider the lack of scalability in the supply chain infrastructure and manufacturing base," he said.

Economist Diane Swonk told The Washington Post: "We are opening up a global economy all at once. You're going to get problems. It is much easier to turn the lights off in a factory than turn them back on again."

'Everything shortage'

Allianz chief economic adviser Mohamed El-Erian, referring to the backlogs, told Fox News Sunday: "Things will get worse before they get better." He added that the supply chain snags amount to "the everything shortage".

The Consumer Price Index rose 0.4 percent in September, the US Labor Department reported last week. On a year-over-year basis, consumer prices jumped 5.4 percent, the most since January 1991. In September, gasoline prices rose 1.2 percent, a year-over-year increase of 42.1 percent. Food prices climbed 1.2 percent for the month.

Unfilled jobs and depleted workforces have stressed businesses, with delivery times on the rise for restaurant orders. The supply disruptions also have put political pressure on the Biden administration.

Congress, meanwhile, is grappling with passing two huge portions of Biden's domestic agenda: a $1.2 trillion infrastructure bill to upgrade roads, bridges and ports, and his even bigger Build Back Better social spending program.

The infrastructure bill has bipartisan support. But the massive package that expands the social safety net and addresses the climate crisis faces opposition from within the president's own Democratic camp as well as from Republicans.

Agencies contributed to this story.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 久草视频免费在线播放 | 亚洲男人天堂视频 | 日本在线视频观看 | 成人三级在线 | 国产一区精品在线观看 | 日本欧美久久久久免费播放网 | 欧美jizzhd精品欧美高清 | 国产精品线在线精品 | 末满18以下勿进色禁网站 | 成人黄色三级 | 国产高清在线精品一区二区三区 | 国产成 人 综合 亚洲绿色 | 国产亚洲精品成人一区看片 | 欧洲亚洲综合一区二区三区 | 亚洲欧美日韩中文字幕在线一 | 日本aaa毛片 | 国产成人av在线 | 亚洲男人的天堂成人 | 成人看片黄a在线看 | 日韩欧美理论片 | 91久久青青草原线免费 | 欧美大片毛片aaa免费看 | 透逼视频| 美女视频黄a视频免费全程 美女视频黄a视频免费全过程 | 99精品国产免费久久国语 | 国产一在线 | 国产午夜精品理论片免费观看 | 日本美女一区二区三区 | 国产亚洲精品资源一区 | 免费成年人在线视频 | 成人网在线免费观看 | 国产精品高清在线观看93 | 日韩欧美视频一区二区 | 国产一区二区三区欧美 | 国产成人综合网在线播放 | 一级毛片在线视频 | 亚洲免费精品视频 | 国产精品视频免费 | 欧美成人免费观看国产 | 在线观看日本视频免费 | 欧洲freexxxx性 |