As the turbulent economy of 2021 makes its way through the first quarter, businesses are experiencing uneven patterns of equipment investment demand depending on which market sectors they serve.
In a conference call with reporters on Feb 8th, Brian Bourke, chief growth officer at SEKO Logistics warned that the logistics situation globally “will get worse before it gets better.”
In his ‘State of the Port’ address, Mario Cordero, executive director, Port of Long Beach paid tribute to the men and women keeping the Port operational during the pandemic and demonstrating that the Port is “not deterred by the pandemic.”
You could call this the perfect storm but I’m sure major retailers and importers from Asia would have other choice words to describe the current situation in the container sector. The supply chain is currently experiencing severe disruptions.
Jim McKenna, president of the Pacific Maritime Association (PMA), reported that the Ports of Los Angeles and Long Beach have seen the highest number of COVID cases among U.S. West Coast ports and that thirteen longshore workers have so far died.
Officials at the Ports of Los Angeles and Long Beach are urging California Governor Gavin Newsom to give priority to vaccinating longshore workers against the COVID virus so as to relieve congestion and delays at the two ports caused in part by a shortage of longshore workers who have been infected.
While this could just be a case of early teething problems, logistics specialists and trade analysts fear it’s more likely a portent of the difficulties to come moving cargo to and from Britain.
Ed Denike, president SSA Containers, said that ocean carriers tell him that vessel congestion at the Ports of Los Angeles and Long Beach is likely to continue until March.