Container ships still waiting
Oct 7, 2021
Container Ship Crisis Underscores Critical Supply Chain Challenges
76 container ships sitting off the west coast waiting to dock at LA and Long Beach. The ships have been in this log jam for approaching 3 months.
The average container ship has about 14,000 containers
The average value of merchandise on each container is $100,000
That is a total of $106,400,000,000 of inventory just sitting in limbo, sometimes expiring, often devaluing.
And itโs not just the west coast that is affected. There are similar problems up and down the east coast off New York and Georgia.
https://www.forbes.com/sites/sap/2021/10/07/container-ship-crisis-underscores-critical-supply-chain-challenges/?sh=39c70bdd5416