CNBC reports on a trend we have seen during the pandemic: imports have ground to a halt at our nation’s ports, highlighting an advantage for made in America items.
For example, a ship with 197 containers of Peloton bikes and merchandise circled at anchor just outside the Port of Los Angeles right before Christmas, entering a holding pattern on Dec. 22 until it was allowed to dock Jan. 2, according to global shipping data company MarineTraffic.
“The ship, and Peloton’s expected supply time, lost 12 days due to this while their product was nearly within swimming distance of shore,” Import Genius trade data analyst William George said. “This is a crazy illustration of the problem Peloton and other U.S. importers are struggling with.”
In fact, thirty container vessels were at anchor outside the ports of Los Angeles and Long Beach as of Monday, according to MarineTraffic data. More than 30 container ships are expected to arrive in Los Angeles by the end of March, and at least 27 ships are slated to dock in Long Beach in that time.
This highlights the need to reshore manufacturing as soon as possible. These disruptions will only continue to get worse as more novel viruses and climate change disrupt import and export patterns.
Read more HERE.
#logistics #supplychain #manufacturing #reshore #madeinusa