Supply Chain Experts: Global Port Congestion Worsening

A new report indicates that port congestion is worsening, dashing hopes of easing supply chain backlogs, MarketWatch reported.

According to the study–which tracked 22 of the world’s largest ports–one-fifth of the global container fleet is currently stuck at various ports, and less than 40% of ships are arriving on time. Additionally, freight, marine fuel and insurance costs are continuing to rise.

The supply chain issues continue to be impacted by China’s current COVID-19 outbreak, Russia’s war on Ukraine and inefficient operations at ports around the world, including the U.S.’s largest ports in Los Angeles and Long Beach.

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