November 22, 2022 — An impending rail strike in the U.S. could further entangle supply chains and drive up inflation.
Four major railroad labor unions have rejected a tentative agreement with freight railroad companies brokered by the administration of U.S. Joe Biden over the summer. Even though eight of the 12 major railroad worker unions have ratified the agreement, several have pledged solidarity with those that have not.
June 13, 2022 — Container prices, which have already significantly increased globally, are expected to continue to spike this year.
“One of the big reasons why prices are going up is the cost of shipping things across the Pacific, in particular,” United States President Joe Biden said during a call with retailers, per Freightwave.
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January 24, 2022 — Robust U.S. demand for goods and ongoing transportation and logistical challenges will result in continued supply-chain challenges through the rest of the year, according to economists from Wells Fargo and Rabobank.
Speaking at the 2022 National Fisheries Institute Global Seafood Market Conference, Wells Fargo Senior Economist Tim Quinlan said strong retail sales in the United States, driven by rising wages and government stimulus, kept demand for goods high through 2021, putting pressure on the import market to keep pace. But delays due to COVID-19-related transportation slowdowns, workforce shortages, and lack of competition in the shipping industry prevented supply chains from catching up with demand, and delays will continue for the foreseeable future, Quinlan said.
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December 14, 2021 — Supply chain problems are causing issues for seafood sales in U.S. grocery stores.
Fresh seafood sales dropped 0.3 percent in November 2021 year-over-year, while ambient sales fell 3.5 percent, according to new data from IRI and 210 Analytics.