(ZEROHEDGE) – The executive director of the Port of Long Beach, the largest container port in the U.S., told Bloomberg Thursday that Americans should buy their holiday gifts now as congestion continues to snarl supply chains.
"Shop early because these delays and bottlenecks are going to continue to the end of the year," Mario Cordero, the port's executive director, said during an interview with Bloomberg Television. "Hopefully, we'll have some strong mitigating factors."
The Port of Long Beach and neighboring Port of Los Angeles handle 40% of all U.S. containerized goods. At the twin ports, more than 103 container ships are at terminals or waiting offshore on Wednesday, an all-time high. In pre-pandemic time, the average backlog of vessels at the ports is between 10 and 20.
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