Tag Archives: Jason Furman
The Biden administration is warning of impending shortages at Christmas due to supply chain issues. A massive backup of container ships at the Port of Los Angeles is a major contributing factor to this severe problem. Not only are ships waiting long periods to dock, but, when they offload, the containers remain stacked, waiting for truck drivers to arrive to take the shipments to their destinations. Currently, there are approximately 250,000 containers on the docks and 500,000 ships off the coast.