Congested ports and supply chain woes hit US factories and stores

New York (AFP) – The cold snap that gripped the United States in February not only caused chaos in Texas and the southwest, it also triggered a shortage in plastics that has disrupted a supply chain already under strain from a lack of microchips and growing congestion at ports as a result of the coronavirus pandemic.  So factories have had to shut their doors and consumers are feeling the crunch.  At Toyota, a petrochemicals shortage affected production at plants in Kentucky, West Virginia and Mexico.  Honda cited supply chain issues “related to the impact of Covid-19, congestion at various po…

Read More

HEDGE accordingly