Thanks to China, supply chains will never recover | Opinion

If you are in the habit of celebrating Halloween in the middle of January, you’re in luck this year. American ports, plagued by logistical problems, are now unloading Halloween gear from container ships. Supply chains, which once delivered goods to American stores cheaply, quickly and at the right moment, are now, as Jonathan Bass tells Newsweek , “not cheap, not quick and not just-in-time.” Bass, CEO of Whom Home and a nearshoring advocate, also points out that retailers, anticipating long delays, are ordering goods nine to 12 months ahead of time. Shelves at stores both big and small are sometimes empty, and delivery times are no longer predictable. In 2020, the Financial Times tells us , “a highly synchronized system was spun out of rhythm.” There’s no mystery why an extraordinarily efficient global mechanism broke down. Draconian COVID-19 lockdowns in China closed factories, and disease stopped trucks and planes in both producing and consuming countries. At the same time, there was a surge in demand for goods from locked down consumers who could not spend their money on services. A logistical supply chain with little resiliency thus collapsed. There are now about 120 ships waiting off the twin ports of… Read full this story

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