America Is Choking Under an ‘Everything Shortage’

From America Is Choking Under an ‘Everything Shortage’:

Before the pandemic, reserving a container that holds roughly 35,000 books cost $2,500. Now it costs $25,000…

In short, supply chains depend on containers, ports, railroads, warehouses, and trucks. Every stage of this international assembly line is breaking down in its own unique way…

“I’ve been doing this for 43 years and never seen it this bad,” Isaac Larian, the founder and CEO of the toy maker MGA Entertainment, told Bloomberg. “Everything that can go wrong is going wrong at the same time.”

america, covid, economics
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