Transportation Secretary Warns Supply Chain Issues Could Go Into 2022

Transportation Secretary Pete Buttigieg discusses ongoing supply chain challenges, highlighting both supply and demand issues. The government is taking steps to mitigate these problems, such as keeping ports operational 24/7 and expediting commercial driver's licenses. Despite these efforts, Moody's warns that supply chain issues may worsen before improving.

What is one of the main reasons for the current strain on the supply chain?

• Reduction in retail sales

• Increase in consumer demand

• Decrease in consumer demand

• Decrease in income levels

Which sector is experiencing unprecedented demand, contributing to supply chain challenges?

• Healthcare

• Agriculture

• Retail

• Technology

What action is being taken to alleviate port congestion?

• Increasing port operational hours

• Hiring more port staff

• Reducing the number of ships

• Decreasing import volumes

How is the administration addressing the shortage of truck drivers?

• By issuing commercial licenses faster

• By increasing driver salaries

• By reducing the number of deliveries

• By importing foreign drivers

What does Moody's predict about the supply chain issues?

• They will worsen before improving

• They will improve immediately

• They will not affect the economy

• They will remain the same