Supply Chain Collapse Trigger Perfect Storm For Bankruptcies As Massive Shortages Emerge

New developments at ports worldwide are converging to create a new series of supply chain disruptions that are threatening to turn global trade upside down. Experts are actually using the term “doomsday scenario” to describe the threats that are emerging on the horizon. In America, several businesses are hanging by a thread as supply chain issues become the new normal. Meanwhile, chaos is making a comeback at ports and the worsening shortage of containers means more shipping delays are ahead. A new report released by the business group US Logistics Inc. revealed that supply chain disruption is set to worsen throughout the third and fourth quarters of 2022 as a series of local and global factors have caused issues for all elements of the supply chain, with bottlenecks such as a growing shortage of shipping containers, labor strife at ports, and a lack of enough truck drivers, warehouse space and semiconductor chips all impacting on the way that goods are moved around the world. In the U.S., retailers a