The German-based logistics company blames delays because of tighter U.S. customs controls.
The deadline for negotiations between the union representing dockworkers and the ports is next week.
Peter Goodman of The New York Times discusses the complex inner workings of our fragile system and why it broke down during the pandemic.
Firms that import goods are returning to pandemic-era strategies to brace their businesses against delays and higher shipping costs.
Weather extremes have threatened global olive oil supplies for the second year as the appetite for EVOO grows in the U.S.
A combination of slowing demand and better management means ports aren’t as backed up as they used to be.
A New York Fed economist says 60% of inflation was driven by demand for goods, and 40% was from supply-side issues that magnified that higher demand.
A record-high percentage of firms are facing supply shortages, the National Association for Business Economics found, and most are passing cost increases om to customers.
China’s COVID-19 lockdowns, which shut down much of the country’s manufacturing and exports, are partly to blame.
It could put extra pressure on global shipping and force companies to raise prices.