Potential industry crisis over supply chain disruptions

The executive director of the Port of Long Beach warned on Monday of an industry crisis over supply chain disruptions.
Mario Cordero, the official who is in charge of the largest container port complex in the United States, said that the supply chain is definitely disrupted and has been for some time in a crisis mode.
Ports have increasingly become among several bottlenecks in global supply chains as ships fill up with boxes carrying everything from electronics to holiday decorations.
Cordero noted that there is a convergence of factors that let the situation to develop into a crisis, as disruption to the supply chain is very much a direct result of the COVID-19 pandemic.
“Our economy is looking to a 6% growth for this year, year-to-year, and the consumers, whether its e-commerce or brick and mortar, it’s really healthy,” Cordero added.
He also pointed out that another big factor is skyrocketing consumer demand in the United States, especially as it pertains to online orders amid the pandemic as more people opted to shop from home.
There have been delays from the cargo coming from China, and there are major ports in China where if one COVID-19 positive worker is detected, terminals are immediately shut down.
Cordero said that last week there were as many as 73 vessels at anchor, however, that number has dropped to around 62 as of Monday.