West Coast Port Delays Stagger Brands and Retailers
A perfect storm of rising demand, Covid hangovers and container and vessel shortages have stymied efforts by industry companies to land the inventory they need to replenish empty stores and warehouses. Currently, between two and three dozen container ships are parked off the coast of CA, waiting to unload at the port of Los Angeles and Long Beach, where most ocean borne freight from China enters the U.S. Container volume has skyrocketed, according the NRF’s PortTracker survey, increasing double-digit percentages in the last four months of 2020, and accelerating in Jan. and again in Feb., which is usually the slowest ... Log in to view full article.