Independent journal on economy and transport policy
13:49 GMT+1
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The National Retail Federation warns that port congestion is having a serious impact on U.S. trade
The difficulties explained in a letter sent to the Biden administration
June 15, 2021
"The dysfunctions of the supply chain, in particular the congestion taking place in our main ports - he explained in the letter from the Chairman and Ceo of the NRF, Matthew Shay - are causing considerable problems for American traders. Congestion problems - he specified - not only added days and weeks at our supply chains but have also led to shortages of stocks that have an impact on our ability to serve our customers. In addition these delays have added significant transport costs and storage to be borne by the sector.'
In the letter, Shay stated that "in many cases traders will bear these costs and will not pass them on consumers. However , warned the President and CEO of the NRF - many small traders, with the reopening of their activities, can only transfer these activities costs, especially as they face other challenges."
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