Bottlenecks in The Global Shipping Industry Are Difficult To Eliminate(3)

Bottlenecks in the global shipping industry are difficult to eliminate(3)

Earlier this summer, the White House announced the establishment of a supply chain disruption task force to help ease bottlenecks and supply constraints. On August 30, the White House and the U.S. Department of Transportation appointed John Bockarie as the special port envoy of the Supply Chain Interruption Task Force. He will work with Secretary of Transportation Pete Buttigieg and the National Economic Council to resolve the backlog, delivery delays and product shortages encountered by American consumers and businesses.

In Asia, Bona Senivasan S, president of Gokaldas Export Company, one of India’s largest apparel exporters, said that three surges in container prices and shortages have caused shipping delays. Kamal Nandi, chairman of the Consumer Electronics and Electrical Appliance Manufacturers Association, an electronics industry organization, said that most of the containers have been transferred to the United States and Europe, and there are very few Indian containers. Industry executives said that as the shortage of containers reaches its peak, exports of some products may decline in August. They said that in July, exports of tea, coffee, rice, tobacco, spices, cashew nuts, meat, dairy products, poultry products and iron ore all declined.