Supposedly they’re 75 container vessels off the coast of California waiting to be unloaded, that was on the today show earlier this week. No truck drivers to haul the goods from the port across the country.
California? Don't FX products come from Europe?
Exactly... landing on the wrong beach
Logistics are complicated, and can be funny. Right now things are getting shipped whichever way they can. It is not impossible that the fastest shipping path for goods from Europe COULD be some way other than across the Atlantic.
Having said that, the shipping backlogs are the same at all the major ports. The three biggest container shipping ports in the US are Long Beach/Los Angeles, CA; the NY/NJ complex, and Savannah GA. ALL are facing the same sort of delays, with dozens of ships anchored offshore waiting for the chance to be unloaded. Once they are unloaded the containers are then sitting for up to 3 months at the terminals, waiting for trucks or trains to take them away to warehouse around the country. This creates its own logjams, since if the terminals are full of containers waiting to be picked up they have to delay further the unloading of ships, simply because they have nowhere to put the containers.
And all of this is BEFORE we even start talking about problems in China, container shortages, delays due to Covid protocols, shutdowns due to Covid, huge and unexpected demand for many products, etc.
Its a worldwide ClusterF**k, with no simple answer, no matter how many people want to blame China, or how much they try to blame everyone else. It’s clearly not just FX. Try buying a new car these days….
Chris