Supply chains are beginning to finally unclog after two years of back-up
The nation’s two largest ports, Los Angeles and Long Beach were home to 109 containerships queuing off the coast as recently as January of 2022. The price tag to send a single container from China to the United States was $20,000 and most everything consumers in the United States were trying to get their hands on was backordered. Now, it is a different story.
There’s too much on shelves, leaving retailers scrambling to put goods on sale and encourage buying power amid an inflated economy. The going rate for that same container across the Pacific is now $2,000 and not a single ship waits in line outside of San Pedro Bay.
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Los Angeles is reimagining about 3,229 acres near its harbors—connecting communities like San Pedro and Wilmington—to boost transit, pedestrian areas, and clean industrial uses, aiming for a healthier environment.