US Commerce Secretary says there's no denying the supply-chain crisis poses 'a problem'
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Grace Kay
Oct 9, 2021, 00:38 IST
Associated Press
US Commerce Secretary Gina Raimondo said on CNBC that the supply-chain issues pose a "problem."
Raimondo said the US is making "slow improvement," but people will feel the impact well into 2022.
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US Commerce Secretary Gina Raimondo told CNBC on Friday that US consumers will likely feel the impact of the supply-chain crisis into the coming year.
"There's a lot of work left to do," Raimondo said on CNBC. "We're making slow improvement. But there's no denying that it's a problem. I think we're going to be feeling these effects for well into 2022."
While ports in Los Angeles and Long Beach broke multiple records for the number of ships in the locations, as well as the number of cargo ships waiting to dock in September, the number of vessels has since trended slightly downward.
Raimondo said she's seen "incremental improvement" in the delays, but the crisis is far from over.
The cargo on the ships currently at anchor in the Southern California ports have been waiting to unload for as long as five weeks. Brian Whitlock, a senior director and research analyst for Gartner, said on LinkedIn that the goods on the vessels will likely not be seen until the end of October or November due to the delays at the ports paired with backups at nearby warehouses and trucking companies.
Experts told Insider last month that they do not see consumer demand tapering until late next year as holiday demand, as well as companies' efforts to replenish inventory, continues to strain the global supply chain at a time when it is still combating COVID-19 shutdowns in Asia.
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