Pirate's Cove

Well, it’s about damned time, but, could be a little to little a little to late. Though, in honesty, I hope they can help alleviate this, because it is hurting Americans

Biden to discuss supply chain crisis with US ports and carriers

The US government is stepping up its efforts to relieve the supply chain nightmare that has led to shortages of some goods, higher prices for consumes and now threatens to slow the economic recovery.

The White House will work with companies and ports on a “90-day sprint” to alleviate bottlenecks, according to a senior administration official. Some will start working 24/7 to address the backlogs.

The Port of Los Angeles will move to 24/7 service, bringing it into line with operations at the Port of Long Beach, which is already working on a 24/7 schedule, the official said. Those two ports handle 40% of container traffic in the US. (snip)

President Joe Biden will meet with senior officials and stakeholders to discuss collective efforts to address global transportation bottlenecks and then deliver remarks on Wednesday. Port operators, truckers’ associations, labor unions and executives from Walmart (WMT), FedEx (FDX), UPS (UPS) and Target (CBDY)will attend the talks.

Well, it’s a start. We’ll have to see how this plan shakes out, and whether it just ends up being a bone thrown to union workers. And you’d think that the White House and Brandon getting involved would be big news. CNN finds something else to be bigger

The global supply chain nightmare is about to get worse

Computer chip shortages. Epic port congestion. And a serious lack of truck drivers. The world’s delicate supply chains are under extreme stress.

The supply chain nightmare is jacking up prices for consumers and slowing the global economic recovery. Unfortunately, Moody’s Analytics warns supply chain disruptions “will get worse before they get better.”

“As the global economic recovery continues to gather steam, what is increasingly apparent is how it will be stymied by supply-chain disruptions that are now showing up at every corner,” Moody’s wrote in a Monday report.

Indeed, the IMF downgraded its 2021 US growth forecast on Tuesday by one percentage point, the most for any G7 economy. The IMF cited supply chain disruptions and weakening consumption — which itself has been partially driven by supply chain bottlenecks such as a lack of new cars amid the computer chip shortage.

Moody’s said the “weakest link” may be the shortage of truck drivers — an issue that has contributed to congestion at ports and caused gas stations in the United Kingdom to run dry. Unfortunately, Moody’s warned there are “dark clouds ahead” because several factors make overcoming the supply constraints particularly challenging.

Could they use the National Guard or regular military to move product, at least to get it from the ports to a warehouse or something? There doesn’t seem to be a problem in using them to supplant health workers. Let’s see if Brandon has any impact, or, this is simply an acknowledgement of the problem for the news and some soundbites, with little being done.