A historic backlog of cargo ships in Southern California has left the supply chain and shipping industry in a crisis, Mario Cordero, the executive director of the Port of Long Beach, warned this week.
Cordero, who oversees one of the busiest ports in the country, advised people to start holiday shopping as soon as possible due to the disruptions in the supply chain. The port will move about 20 million containers this year, more than ever before, Cordero told Fox Business. Consumers will definitely feel the pinch, as companies across the board – from raw materials to durable goods, electronics, furniture, and auto parts – have been hit with shortages and delays.
