With Christmas around the corner, mounting supply chain bottlenecks have retailers everywhere panicking over how they’re going to get the inventory they need to fill their shelves before the holidays arrive. According to Steve Azarbad, co-founder and chief investment officer of the hedge fund Maglan Capital, “retailers are having a really hard time filling their shelves. I talk to a lot of suppliers, and they’re telling me ‘I just can’t fill all the orders I’m getting.'”
At the same time, ocean carriers are now decreasing import container free time at North European ports, frustrating shippers even further.
In other news, Amplify Energy’s massive pipeline spill off the coast of Califonia presents yet another supply chain disruption that could end up making the line of vessels waiting in Sand Pedro Bay even longer. Hopefully, a potential slowdown in imports caused by weakening consumer spending will help counteract the overwhelming congestion at major U.S. ports.
To learn more about this week’s top international shipping industry news, check out the following article snapshots:
