Global Supply Chain Chaos

The video discusses ongoing supply chain issues despite the pandemic's onset, highlighting port congestion, particularly in Los Angeles, where 61 ships await entry. Companies are placing panic orders to build inventories before the holidays, driven by strong consumer demand. Logistics managers face constant negotiations to move goods, with limited capacity and high transportation costs. The video explores how companies navigate these challenges.

What is one of the main reasons for the ongoing supply chain issues post-pandemic?

• Congestion at ports

• Lack of consumer demand

• Decrease in shipping costs

• Increased production capacity

How many ships were reported waiting outside the port of Los Angeles?

• 30 ships

• 75 ships

• 61 ships

• 45 ships

What are companies doing in response to the supply chain issues?

• Lowering transportation costs

• Decreasing production

• Reducing their inventories

• Placing panic orders

What is a significant challenge faced by logistics managers?

• Reducing shipping times

• Negotiating container movement

• Finding new suppliers

• Increasing production rates

What is a major issue with global transportation capacity?

• No extra capacity available

• Decreasing demand for goods

• Excess capacity available

• Lower shipping costs