Supply Chain Snarl Driving Prices Up

The video discusses the current supply chain issues affecting the port of Los Angeles, highlighting the backlog of containers and its impact on consumers through rising prices and inflation. It explores the challenges in infrastructure and logistics, including the availability of trucks and distribution center capacities. The global economic implications are considered, with a focus on the need for better forecasting and infrastructure investment. Short-term and long-term solutions are proposed, such as 24/7 port operations and improved information sharing.

Discuss the impact of empty shipping containers on the backlog at the ports.

What long-term solutions are suggested to improve the infrastructure for handling shipping demands?