To state the obvious…the supply chain is in gridlock. The supply/demand equilibrium is completely out of whack. Inefficiencies plague the logistics network. Inflation is on the rise.
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It all boils down to transportation costs increasing in every sector.
ILA ON STRIKE
It is official, the International Longshoremen's Association (ILA) is on strike. For months now, they have been threatening a strike and now have made good on that "promise." The ILA contract expired last night, September 30th, and represents 45,000 dock workers...