USA port congestion
Many people believe port congestion is going to continue through the summer of 2022.
- COVID-19 shone a light on a major weakness in the supply chain -- namely, dependence on China.
- New technologies could make it possible to produce goods here at home.
There are some bad news: Port congestion is expected to last "deep into next year," according to The Wall Street Journal. Despite President Joe Biden's announced intention to keep the ports open around the clock, the situation has not eased. As Mario Cordero of the Port of Long Beach, California, told the Journal: "I don't see substantial mitigation with regard to the congestion that the major container ports are experiencing."
Goldman Sachs economist Ronnie Walker said in a client note recently: "Backlogs and elevated shipping costs are likely to persist at least through the middle of next year because no immediate solution for the underlying supply demand imbalance at U.S. ports is available."
In 2021, the freight is also keeping going up again and again. And the transit time is getting longer . To solve this problem , Zhibo is trying its best to build high stock to make sure fast dispatches for stainless steel rigging hardware and marine hardware.
Next year , we will build a new and big factory to expand our production capacity to serve our customers better...