The scene in Southern California resembles a disaster movie — only it’s not. Thousands of boxes littering Union Pacific (UNP) train tracks in downtown Los Angeles attest to a wave of rail thefts that have taken place in recent months — worsening supply chain bottlenecks and creating endless delays for consumers and merchants that likely cost millions, if not more. L.A. has been a hub of major shipping woes in recent months, with the ports of Los Angeles and Long Beach a prominent fixture… Source link
Read More »Supply-chain bottlenecks won’t be resolved overnight
Target CEO Brian Cornell said the discounter is well-prepared in the lead-up to the holiday shopping season to navigate the supply-chain challenges weighing on retailers and manufacturers of all kinds. All it took was very, very careful forward planning. “We have become much more agile. We have taken the steps we have had to take,” Cornell said at Yahoo Finance’s All Markets Summit. For its part, Target ended the second quarter with inventory up $2.5 billion, compared to a year ago as it… Source link
Read More »Supply chain bottlenecks will persist unless one of two things happens, expert explains
Although businesses may be struggling with unexpected cargo delays, supply chain bottlenecks may not be resolved in the near term. “I don’t see a line of sight where this ends anytime soon,” Weston LaBar, head of strategy at Cargomatic, a freight load-matching company, told Yahoo Finance Live (video above). Some experts even expect the supply chain problems to hit the holiday shopping season. Container ships have been delayed for days at major ports on the West Coast, and trucking routes have… Source link
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