Major retailers and thousands of small businesses face a bleak holiday season without Chinese goods to sell because of the long lineup of container ships from China waiting to enter major ports to offload their cargo.
It seems like Americans have to learn lessons the hard way. During the early stage of the COVID pandemic, there was a serious shortage of masks, ventilators, and other PPE equipment and supplies because we had become dependent on China for these goods. Now, American consumers are experiencing shortages in common consumer products at retail stores, and manufacturers are facing long lead times for components, ICs (chips), and other parts and assemblies. These shortages are projected to get worse before they improve sometime in 2022.Read more