As more and more Americans are getting vaccinated and things start to get back to normal, the recovery of supply chain will be a long and daunting process with many expecting it to last into 2022 in some industries.
During the start of the pandemic many industries slowed down while others such as online businesses saw a massive increase with ordering. The increase in demand of these goods caused a bottleneck in the supply chain. According to Port of Los Angeles Executive Director, Gene Serok said, “The peak season starts for us August 1st for our back-to-school specials, fall fashions, and then the holidays. But we have to hustle; we still have some cargo in the back lot to clean up before we pivot to peak season.”
One company that has taken steps working around this supply chain issue is the U.S. third largest importer, Home Depot, with its CEO, Ted Decker saying in a recent interview, “We have a ship that’s solely going to be ours and it’s just going to go back and forth with 100% dedicated to Home Depot. The ship will begin running next month and this marks the first time that Home Depot has taken a step like this, due to the back up in supply chain.”
There are many factors that have affected this back up. Some believe that many people remain hesitant about returning to work which is affecting ports, rail, trucking and distribution centers. Therefore many experts do not believe that there will be a full recovery of the supply chain until 2022 as people are more confident in returning to work.
https://www.freightwaves.com/news/rethinking-global-supply-chains-could-be-long-hard-process
https://www.ttnews.com/articles/supply-chain-remain-backed-until-2022-experts-say
