Heritage Florida Jewish News - Central Florida's Independent Jewish Voice

Why the global supply chain is broken and how to fix it

 

November 19, 2021

Barrett Ward on Unsplash

Port of Los Angeles, December 2020.

(ISRAEL21c) - Eytan Buchman calls it a "shipstorm."

Speaking from the Israeli headquarters of Freightos, the CMO is referring to the confluence of events behind a global supply-chain crisis.

The Covid-19 pandemic triggered many of these events, such as increased online purchasing, labor shortages, port shutdowns and passenger flight cancellations.

There is a severe backlog at the world's biggest ports, long delays in getting goods to consumers, and skyrocketing costs at every point along the way.

"It's never been more expensive to ship and never less reliable to get there," said Ami Daniel...



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