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Why COVID shipping bottlenecks could take years to untangle
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Science, Business, Health Sciences, Biology
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11th Grade - University
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Hard
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The global supply chain crisis has led to increased prices and product shortages. In early 2020, demand dropped due to COVID-19 lockdowns, halting shipping and manufacturing. However, a rapid economic restart caused bottlenecks, container shortages, and soaring shipping rates. Congestion spread from ports to railroads, exacerbated by a lack of truck drivers and equipment. With strong demand and ongoing disruptions, shortages and price hikes are expected to continue.
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