Some hopeful news on the supply chain problem. It appears to be easing some at ports. Sweeper ships and threatened "excessive dwell" fines have helped. It will still take months to iron out fully. But it does appear to be improving slightly, which will help against inflation. https://t.co/yApm1Y3VQa
— Aaron Astor (@AstorAaron) November 22, 2021
WSJ with more on the same. To be sure, we are not out of the woods yet. More covid-related warping can happen. Labor markets are not re-settled yet. But if Asian supply chains and US ports are improving, that will make a big difference.https://t.co/xX60GPpTUU
— Aaron Astor (@AstorAaron) November 22, 2021
After initial congestion, the port of Oakland hired more staff and cleared its backlogs, and has been calling for more traffic since late last month.