Blockage of the Supply Chain: the port crisis continues

As the world began to recover from the economic disruption of the COVID-19 pandemic, the belated response was felt in the supply chain. Industrial shutdowns around the world have slowed production at a relative rate, leaving many companies struggling to meet consumer demands, both during shutdowns and since.

The challenges continue, even as manufacturing resumes, with labor shortages and a struggle to locate the materials needed for production complicating the struggle. President Biden has made an agreement with the Port of Los Angeles in recent weeks to operate around the clock, which has reduced the number of container ships offshore to 58, from a peak of 73.

What does this mean for American consumers?

On the one hand, some items that are normally made overseas may be more difficult to find in stock in the coming months. While this does mean some household necessities, it extends to items such as consumer electronics, toys, and other items that make up a large portion of our holiday shopping.

Yes, we all complain about how the holidays seem to come earlier every year, but in this case, it’s a good thing to keep in mind. If you can, it’s a good idea to prepare for the holidays early.

Paul Ellis, CIMA® can be contacted at 425.405.7720 or [email protected] Visit www.elliswealthmanagement.net.


This material has been prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party or its affiliates. This information comes from sources believed to be accurate. Please note that investing involves risk and past performance is no guarantee of future results. The publisher is not engaged in the provision of legal, accounting or other professional services. If assistance is required, the reader is advised to seek the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding a federal tax penalty. This is neither a solicitation nor a recommendation to buy or sell any investment or insurance product or service, and should not be construed as such. Not all indices are managed and do not illustrate any particular investment.

Representing the Investment Advisor, Cambridge Investment Research Advisors, Inc., a registered investment adviser. Registered Representative, Securities Offered by Cambridge Investment Research, Inc., a Broker / Trader, FINRA / SIPC Member. Cambridge and Ellis Wealth Management, LLC are not affiliated. The information contained in this e-mail is confidential and is intended only for the recipient. If you are not the intended recipient and you have received this email in error, please reply to the sender to let them know. We cannot accept trade orders by e-mail. Important letters, emails or faxes should be confirmed by calling (425) 405-7720. This messaging service may not be monitored daily or after normal business hours. This material distributed through the MarketingPro system.

About Anne Wurtsbach

Check Also

Chinese brands outnumber foreign brands among Singles’ Day bestsellers

BEIJING, Nov 12 (Reuters) – Chinese consumers tightened their wallets on this year’s Singles Day …