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One of the biggest problems is the backlog at the biggest ports - L.A. The supply chain problems are expected to prolong inflation, which is at the highest it has been since just before the 2008 financial crash In the UK, Prime Minister Boris Johnson has resorted to hiring the former CEO of supermarket chain Tesco to try to solve the country's own supply chain problems. Last week produced the worst jobs report of Biden's presidency, with only 194,000 jobs added - far short of the 500,000 that were expected.įederal Reserve Chairman Jerome Powell predicted last week that the issues will continue into the new year, prolonging inflation and raising prices for American consumers. Inflated COVID unemployment payments ended in September which many hoped would drive a surge in jobs, but the response has been sluggish at best. In Bellport, a town in southern Long Island halfway between the Hamptons and New York City, shoppers were limited to two bundles of toilet paper each. This past weekend, Costco and BJ's Wholesale Club were limiting the amount of paper goods customers could buy in parts of Long Island. Some toy company CEOs are telling parents to buy their kids' Christmas gifts now to avoid disappointment. The problems - which have tormented business owners for months - are now laid bare to American shoppers who are confronted with poorly stocked stores and rising prices on the items that they can find. There are similar problems with homegrown goods that can't be transported quickly enough by truckers or on freight trains. Millions of dollars of American goods are still sitting in warehouses in China, awaiting shipment. More than 60 cargo ships are waiting to dock in California, carrying hundreds of thousands of containers, and may be stuck for months in a traffic jam after arriving from China and Asia.
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Stores across America have empty shelves thanks to a series in supply chain problems that are prolonging inflation and could stretch into the new year, with some retailers like Costco and Walmart limiting the amount of toilet paper in some stores.
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There are fears that some of the backed-up ships at the port in L.A.The cost of shipping a single container from China to LA reached $20,000 last month - four times what it cost last October.
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There is a global shortage in truck drivers which is stalling distribution of goods and railroads are also jammed.Cargo ships off can't get into overworked ports to drop off goods and are hovering off the coast.The issues aren't specific to any one type of good and are down to problems with shipping and distribution.Around the country, there are shortages of goods on shelves in Target, Costco, Home Depot and Sears.Supply chain problems that have been tormenting retailers for months are showing up in America's stores.Walmart and Costco limit toilet paper sales while toy companies warn parents their kids' Christmas gifts won't arrive in time thanks to backlog at ports, rail yards and on the roads