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Insatiable demand for goods by American consumers heading into the third year of the COVID-19 pandemic is leading to a scenario in which supply-chain bottlenecks may “never” let up, absent major infrastructure improvements at the U.S.’s two busiest ports, based on an analysis by RBC Capital Markets. In a report released Thursday, Michael Tran, RBC’s head of digital intelligence strategy, and others concluded that “the supply chain stretching from Asia to California is simply not constructed to handle the current level of consumer demand for goods,” and that overwhelming demand “was the crux of the problem.
...read full article on Market Watch
