![]() Germany's resumption of submarine attacks on passenger and merchant ships in 1917 was the primary motivation behind Wilson's decision to lead the United States into World War I. ![]() The United States later declared war on Austria-Hungary on December 7, 1917. Senate voted in support of the measure to declare war on Germany. Wilson cited Germany's violation of its pledge to suspend unrestricted submarine warfare in the North Atlantic and the Mediterranean, and its attempts to entice Mexico into an alliance against the United States, as his reasons for declaring war. "This is the perfect storm for global container flows,” Jensen said.On April 2, 1917, President Woodrow Wilson went before a joint session of Congress to request a declaration of war against Germany. ![]() Moller Maersk (MAERSKb.CO), the world's biggest container line. "It's a combination of strong volume and slower and less efficient operations," said Lars Mikael Jensen, head of network with Denmark's A.P. Port staffing reductions due to COVID safety rules also play a part. "We need to get the trade flow going to grease the engine for the whole world economy," said Christopher Tang, a business professor at the University of California-Los Angeles. Importers and exporters are "upset they're not able to move their product or crop as willingly as they would like to," said Gene Seroka, executive director of Port of Los Angeles – the busiest U.S. Rolf Habben Jansen, chief executive of Germany's Hapag-Lloyd (HLAG.DE), told investors that the container line was "deploying every available ship". It can "really screw up your plans," he said.Ĭontainer ships have been sailing at full load since August – something that has not happened in a decade, said Peter Sand, chief shipping analyst with trade association BIMCO. "Everyone's trying to squeeze through this narrow opening all at once," said Rick Woldenberg, chief executive of Illinois-based Learning Resources which supplies educational toys to (AMZN.O) and other major retailers. retailer Costco Wholesale Corp (COST.O) and Honda Motor Co Ltd (7267.T) in the United Kingdom have also suffered delays. 1 manufacturer – are postponed by as much as three weeks.Īnd he is not alone - U.S. Those logistical snags cascaded and now his remaining shipments from China - the world's No. His new factory in Thailand was first to suffer delays of about four weeks, in part because shipping companies routed empty containers to the top priority U.S.-China trade lane. "We've moved production out of China and moved ourselves right into a disadvantage," said Thompson. Things did not go as planned and now, like many other importers, he is concerned about keeping enough product in stock. He diversified sourcing to be less reliant on a single country for manufacturing and less exposed to U.S. Thompson, founder of Washington-based Plugable Technologies, sells work-from-home staples like laptop docking stations. That has stranded empty cargo containers in the wrong places, spawning bottlenecks that now stretch from factories to seaports.Ĭontainer ship operators ferry the majority of consumer goods, and transportation and trade sources warn that prolonged industry disruption could cause shortages and complicate the global economic recovery. ![]() LOS ANGELES/LONDON, Dec 23 (Reuters) - Amazon seller Bernie Thompson shifted half of his production out of China to reduce his business risks and still found himself in the crosshairs of logistical chaos besetting the movement of goods around the globe.Ī surge in demand for furniture, exercise equipment and other goods for shoppers sheltering at home in a worsening COVID-19 pandemic has upended normal trade flows.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |