- Logistical bottlenecks, caused by disruptions to ports, shipping lines and domestic transportation, have lengthened delivery times and further weighed on the supply shortage in some regions.
- Ports in Europe and the west coast of the U.S. remain congested.
- Congestion has also increased in South China ports due to tighter pandemic controls in response to the coronavirus outbreak that started in late May.
- Overall, we expect the supply-demand imbalance to ease toward the end of the year after demand for consumer goods peaks in developed markets and service-sector spending increases.
For further details see:
Supply Bottlenecks Likely To Ease By The End Of The Year