Global Supply Chains Are Still Overwhelmed Because Of The Pandemic

The cost of shipping a container of goods has risen by 80 percent since early November. (Nathan Laine/Bloomberg News) Washington Post: Pandemic aftershocks overwhelm global supply lines  One year after the coronavirus pandemic first disrupted global supply chains by closing Chinese factories, fresh shipping headaches are delaying U.S. farm exports, crimping domestic manufacturing and threatening higher prices for American consumers.  The cost of shipping a container of goods has risen by 80 percent since early November and has nearly tripled over the past year, according to the Freightos Baltic Index.  The increase reflects dramatic shifts in consumption during the pandemic, as consumers redirect money they once spent at restaurants or movie theaters to the purchase of record amounts of imported clothing, computers, furniture and other goods.   That abrupt and unprecedented spending shift has upended long-standing trade patterns, causing bottlenecks from the gates of Chinese factories to the doorsteps of U.S. homes.  Read more ....  WNU Editor: This impact on global supply chains makes sense. No one is travelling, going to shows, or restaurants. So why not spend it on consumer goods.

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