Tag Archives: Buttigieg

Transportation Secretary Pete Buttigieg acknowledges already fragile global supply chains have been dealt a twin blow from Western sanctions on Russia for its war on Ukraine and fresh lockdowns in China due to renewed COVID-19 outbreaks. “Well, they are major curveballs for the economy and for the supply chain,” Buttigieg told Yahoo Finance. “And this is exactly why we’ve been so focused on making our supply chains more resilient. We don’t know what the next shot is going to be — a… Source link

Transportation Secretary Pete Buttigieg told Yahoo Finance Live supply chain bottlenecks at the country’s major ports will likely persist for the foreseeable future.  “We are definitely seeing some immediate impacts of the immediate steps that we have taken, but the honest answer I can give you, as long as the pandemic continues, there will be disruptions,” Buttigieg explained.  The supply chain bottlenecks triggered by the pandemic continue to have multiple effects on the U.S. economy.  For… Source link