Good morning, With havoc at ports showing no signs of improving, it's likely that supply chain disruptions that have plagued businesses across the country will let up anytime soon. At least not until 2023. That's what many in the logistics industry are banking on. Phil Levy, chief economist at Flexport, recently told The New York Times that he didn't think conditions would free up this year. "My crystal ball gets murky further out," he added. While the Biden Administration put into law last November a plan to fix up ports and railways, and provide funding for roadway and bridge repairs, real progress will take months if not years to see. So if until now you've only considered short-term measures, it may be time to start thinking long term. Read on for what you can do to deal with ongoing supply chain issues. |
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