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Top U.S. Maritime Regulator Sees Shipping Snarls Lasting to 2022 | 2021-06-11 | SupplyChainBrain
The top U.S. maritime regulator said stretched global supply chains pushing ocean-freight rates to record highs may stay strained into 2022. The supply snarls are colliding with a surge in demand for goods as the world’s largest economy heads for peak shipping season — July and August, when retailers build inventories heading into the year-end holidays.
Supply Chain Brain
Reshoring Surges to Record High
The number of U.S. manufacturing jobs created by reshoring activities and foreign direct investment increased in 2020 – hitting a total of 160,649 – according to the Reshoring Initiative’s 2020 Data Report.
Of this total, 109,000 jobs were directly related to bringing offshoring production to the U.S. It’s the first time reshoring outpaced FDI in seven years. 2020’s activity brings the total number of reshoring and FDI job announcements to over 1 million since 2010.
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