What's caused America's supply chain crunch?
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- čas přidán 13. 11. 2021
- 60 Minutes follows the U.S.' struggling supply chain, from choked ports on the West Coast, to packed rail yards in Chicago. Along the way, we found finger-pointing, huge profits, and massive losses.
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13 minutes of each part of the supply chain blaming each other.
Yeah. For a video titled “what caused America’s supply chain crunch?” I sure did not learn a thing about what caused Americas supply chain crunch.
@@innout6707 8:00 is the bottleneck
@@innout6707 , Oh I knew what it was before I even read the title. It’s called incompetence in management. Now it’s just to determine if they’re doing it on purpose. Which I believe they are.
The ships are unloading Maritime containers locally more and transferring them to road containers to get them back on ship quicker and not pay the train companies, this is adding to the clogging of the ports and screwing up the drayage and rail part of the Intermodal system
czcams.com/video/O0W5mck7OJU/video.html
Well I’m a trucker and I’m ready to work just as soon as a company wants to pay me a livable wage. 14/hr isn’t it. Most don’t pay truckers hourly and if you sit at the dock for 10 hours it’s all unpaid for the driver. No thanks. Rather see it all collapse. The signs have been there for years and they ignored it.
Hopefully you can get those wages and value you deserve and produce! Solidarity to you and good luck
@@electronic_bunny Hopefully. Thank you!
I am so sorry. I see truckers everyday and pray for them as they go by- it’s a tough job and you do not get compensated for what you are worth.
@Judith Chambers I completely agree with the gist of your statement, but I take difference to the fact that you are putting dockworkers and truckers in the same bucket. The truck drivers are pathetically underpaid, while the dock workers with experience make 150 grand a year easily with some overtime, and they’re not generally speaking hustling their butts off at the truck drivers are.
$14h?You need to move into a different field of trucking my man
I survived the UPS strike of '97 which was bad. I worked for a large road feeder service and we were putting in insane hours and a nonstop pace. Literally as soon as you hung up the phone it was ringing with people waiting on the other end to scream for their stuff. This current situation is by leaps and bounds worse. Some of it can be blamed on Covid but a lot of it, the signs have been there for a long time. Antiquated systems, people burning out and not getting paid enough, dependence on foreign manufacturing. It's all coming to a head. I dont think we've seen the worst of it yet.
this comment is vastly underrated
Spot on.
So true and add on Items not being made in the USA. Corporate greed is the problem too.
@@CGAZ66 That's a big on pick the money don't reinvest for the long run take the profits now
As a seasonal package handler, a driver once told me about how bad things were after unions (broke up?) in the late 90s there too.
Tons went on strike, friends became enemies as some stayed and others striked, and human resources hadn't been the same since. Eventually UPS went into revolving door status since they apparently started taking anybody for driver positions. Workers were being stretched to the last penny and new hires didn't know what level of labor they were signing in to.
Interestingly there was a time where we exported more products than we imported. Then came outsourcing. We have felt the sting of outsourcing for decades now.
Corporations and Businesses will always chase the lowest labor cost. This is just the nature of Capitalism and it will not change. In order to change that you would have to have Government mandate to businesses what they will and will not do, but then many people would call that Socialism.
@@jeffmason2691 As the saying goes one will pay just enough to keep someone from quitting, while one will work just hard enough to keep from being fired. A perfect system isn't it?
I do disagree that anything less than corrupt Capitalism run amuck is Socialism. There can be regulations and and government that represents the people instead of businesses controlling government.
This is one of the oldest tricks in the book. Create a problem, then sell the solution.
🎯
I would ask the Transportation secretary what's going on but he's been out on paternity leave for 4 months with his husband I'm sure he doesn't know what's happening.
@@tonyrains217 Perhaps you missed the part where this started long before the Biden administration.
@@frankd.506 Let's go Brandon
@@brendaforliberty6836 LET'S GET BANNON
Pardon the language...but this isn't the definition of a "bottleneck" it's the definition of a clusterfuck.
Pretty sure that an actual Bottle Neck is the very definition of a bottleneck!
@@ErikMeinhardtAnacortes No that's not true!
It is a deregulation clusterfuck. Welcome to unfettered capitalism & the "free market"!
are chicken eggs also shipped in these imported freight. 60min reaches a new low of USG intel propaganda. the spokesman another Borat emptysuit. crude too. disconnect
You must be a carpenter because you dam sure hit the nail on the head witch they are not using
I work in the home furnishings industry. Telling customers that I cannot have their furniture delivered until April and May is really hurting everyone. Our nation is in a deep rut
Smh
I work selling windows and doors and I'm having people walk away because we are not three months out for all custom orders. We are going to a horrible place in the ext few years.
@@Thelefthook13 that sucks man. It’s crazy how much the pandemic effects our life’s. Over a year later.. smh
@Summit Support Service sorry to hear that. These guys at the top are hurting the economy so bad they don't even care. Will the profit now we go poor later.
@Summit Support Service they will profit now and the poor suffer later.
I am from Europe, shipping and port companies are absolute THIEVES and are now free to charge exorbitant fees just to unload. We are frantically trying to find a port master that is not on their pay list. We contacted the port of X in Europe to lodge a complaint, and the response came not from the port authority, but from the shipping company, mocking us.
Yeah BLAH BLAH BLAH BLAH ! It was SUCH a coincidence that the clueless and inept biden ushered in the problem so it was KNOWN to ALL ! HILARIOUS !!!
Maybe the real solution is to stop buying so much crap you don't need.
Tell the cargo ships to go back. We need the green paper, not goods.
The world is fukt
Maybe you should oppress yourself and stop projecting
I don't care what nobody says.....I need that new flat screen I just ordered.
or start manufacturing more 'crap' here?
I have a trucker friend that foresaw the backup when big box stores started closing and told me to invest in Maersk. They say 68% on here, but for my quarterly earnings on my August statement, it was up 82%
Smart
Great friend, and great insight, listen to him more often ,
What did he tell you about investing in cryptocurrency?
They're laughing at everyone who believes this is unintended and even harder at those suffering the consequences of this strategic internal demolition.
The American Way
I agree with you !!! Stupid adults trying to manipulate the greatest free country on earth !! All for greed of a stinkin dollar ! 🤯
I work at the Seattle Tacoma ports for the last 12 years here is the problem we are having.
1. No chassis to pull the loads
2. Warehouses are not unloading fast enough.
3. Some terminala are not accepting empties leaving us stranded with empty containers and a chassis we can reuse.
4. The port should have been working longers hours and 7 days straight but they haven't changed nothing so far.
The LA/Long Beach port is open 360 days a year from 7am to 3am .....We moved 21+ million TEUs in 2021 ....what did Tacoma move?
I have heard this too
@@TheFK8Life you legit working for China.
@@heldtoahigherstandard5915 We have the money - China works for us
The world works for us
@@TheFK8Life China works for us? You're living in a decade long ago. The US is almost completely dependent on items manufactured over seas.
The shipping companies are ABSOLUTELY price gouging. And once they go up, they're never coming back.
It's not gouging - it's a 'bidding war'. Larger corporations are paying big money to have their cargo moved to the front of the back up.
I hope so. It may incentivize companies to invest in local manufacturing. . . good for everyone (except transnational corporations) and the planet. Reminds me of the thought. . . If the US imports cookies from Germany, and Germany imports cookies from the US, wouldn't it make more sense just to exchange recipes?
@@markdavich5829, I just heard a cattle farmer in Texas I believe it was ? Say there is no shortage of beef in this country for the prices to be going up like they are. It’s the companies who process the meat and sell it. That’s where the price is coming from. So yes I would say these companies are price gouging the American public.
Well, Biden did just spend billions on larger ports so hang onto your butts
THE WEST IS TO BLAME FOR ALL MODERN PROBLEMS IN SOCIETY.
Sounds like every body is blaming everybody else and laughing while they count the money.
Facts….they do these bs videos, courtesy of them to inform us what is really going on…not my fault, tag you it…but WE THE PPL ARE THE ONES PAYING FOR THEIR ENTERTAINMENT…..they probably betting on who are the fools that’s going to pay ten times more for a Barbie doll made in China….smh.
Facts….they do these bs videos, courtesy of them to inform us what is really going on…not my fault, tag you it…but WE THE PPL ARE THE ONES PAYING FOR THEIR ENTERTAINMENT…..they probably betting on who are the fools that’s going to pay ten times more for a Barbie doll made in China….smh.
Nailed it
Notice they did not address their governor’s lockdowns or the ports lack of 24/7 labor, both occurring for months.
@@laurastahlschmidt2424 Everybody had lockdowns and aren't doing as bad as we are. 24/7 shifts don't do anything when you still cannot get the containers of the docks. This is much more a logistics problem than a labor one. There is no reason why cargo containers aren't standardized so it doesn't matter what the color is, you should just be able to swap an empty one for a full one. We haven't invested properly in infrastructure for decades and it's finally catching up to us. Even with all the new money for infrastructure that just passed, it will take years just to catch up to current demand and it will take further investments to plan and build for the future.
He is kind to call it a "bottleneck." I'd call it a "clusterf**k."
We used to say in the Marines " a Chinese fk story !!! 🤯
Great episode. Nice job 60 min.
it doesn't help that everything we need has to be delivered by ship from Asia. That is our fault, starting from the 80's
Yup. But all of the Buy American are “just a bunch of racists.” We gave our power away years ago.
Mexico factories don’t seem so bad suddenly!
Yes, just look at the show SHARK TANK, Mr Wonderful and the rest of the cast making billions off the Chinese production of goods for America!!
Chinese pretty much own us now!!
Flag-pin wearing Chamber of Commerce Republicans fought hard for this. I believe the cry was profits simply not high enough.
Hate to break this too you but try the 50's
40% of all imports come through Long Beach? That's not just an economic issue, that is a national security issue.
40%?
People should have started sifting to the other domestic ports a long time ago.
Drop west coast port traffic to 20% untill it normalizes.
And. California is the only state that restricted truck intra-state travel statewide. News outlets aren't publicizing that Bull s..
It's illegal for older trucks to even go into Comifornia. To help haul products.
Thanks C.A.R.B...
That’s because in the last few decades, no new ports were built and capacity expansion did not keep up either. The issue at Long Beach is a global domino effect, this report only shows half the issue. Those empty containers are supposed to come back to Asian ports to pick up products so in Asia, we are fighting over container scarcity and I had to eat my words that we won’t see pricing above 15k because the congestion is easing off and carriers are starting to ship empty containers back instead of waiting for loaded containers. In what kind of a world where prices goes up literally 10x and you get 0 assurances that what you paid for will be on schedule. Case in point, a container was booked and confirmed, the container was supposed to arrive 10 days prior to vessel departure, it cost $21k vs same container in 2019 at $2.1K. The container arrived 10 hours prior to vessel departure which means we missed the vessel loading cutoff or in layman’s term missed the boat. It was 3 weeks later before we got next available space for the next boat and we had to pay for holding that container for 3 weeks. The drama doesn’t end there, vessel delays in transit port then you hit the Long Beach traffic jam. In 2019, worst case at peak season aka year end holidays, max we would encounter is 10 days before truck pulls container out. This particular container was at port for 49 days.
Now I’m in the glove business and I know full well that if my medical grade products don’t arrive on time, it directly impacts mortality rates. I had to get new warehouses to store the products because the logistics stuff I need to ship those products like containers and vessels are all still at Long Beach. Add to the fact that China ports get priority by the carriers so despite paying almost 10x price, I’m still at the back of the queue because my products don’t ship out of a China port.
S**t show is really putting it mildly
No. 40% for two ports. Long Beach and Los Angeles combined. The former being the 2nd and latter the largest port in the us
@@WJWeber yeah but they are literally right across each other so from a geographical viewpoint it really has no diff. In practice, when talking to freight forwarders, we in the export import biz don't actually differentiate, we use LA and LGB interchangeably
Exactly!
I'm a trucker and my only comment is that if a truck driver sits around for 24 hours making no money, no one cares, and this happens far more often than you could possibly imagine.
6:45 There is NO SHORTAGE OF TRUCKERS! Go and see the lines! When truckers can't find a chassis any where in the city, how can we show up??? #blamegame
As a truck driver I can tell you this…
The shippers are rats, One of the biggest reasons truck drivers don’t move their freight is because of the absurdly low rates that they’re trying to pay to have us move their cargo
And as a Videos said the warehouses are not moving fast enough, Their employees are not going to work their butts off if the warehouse employers are paying them minimum wage
The ships are unloading Maritime containers locally more and transferring them to road containers to get them back on ship quicker and not pay the train companies, this is adding to the clogging of the ports and screwing up the drayage and rail part of the Intermodal system
czcams.com/video/O0W5mck7OJU/video.html
They've been doing it for decades, though.
This is what you get with a Transportation Chief, Mayor Pete, taking 2 months off for "maternity leave". I guess it takes a long time to recover from passing baby twins through his @nu$, and that's only the 4th largest objects to pass through there.
Then try to get loaded or unloaded quickly at a warehouse, LOL 3 - 8 hour wait .
well they are minimum wage jobs, stop with the Bernie mentality
Suddenly the world sees a lot more essential workers beyond the hospitals…
I hope they are essential enough to receive a livable wage.
They are unionized. Their pay is a negotiated contract between the Unions and their companies. Consequently, if they do not have a livable wage, then they need to address the issue with their Unions who they pay dues to represent them.
@@LEVELGAZANOW Are the warehouse workers unionized too?
Every single job is essential to the people working them….
@@LEVELGAZANOW…..or they just need to get the education and training required, in order to get them the higher wages they are after. Unions aren’t really that necessary today; although they were very much necessary at one time.
Only union workers are allowed to unload these ships.
Then the trucks have to meet the tightest fuel emissions.
People are now paid to stay home.
The sum of all this is creating a huge backlog.
The warehouse shots remind me of my own workplace. 😎
Maybe it's time to start considering manufacturing something in-house
@Roman Varl, and people want to believe that the 'other' has taken 'their jobs' without remembering that thingy called *NAFTA*. The US makes *nothing* any longer because of that corporate bottom line (NAFTA).
@@maryrodger5130 its not about jobs, its about sustainability of the economy as a whole
@@RomanVarl I understand that Roman, what I was doing was making another point.
For example?
Where would raw materials come from?
Holiday presents are the least of people’s worry….food should be on people’s minds.
Source your food locally.. stop eating out of boxes.. stop being obese..
@@billorights1596 You DO realize that there are people who eat almost nothing but fresh food and veggies, and still heavy, right? While yes, food choices can, and do, cause obesity, many people who are heavy have medical disorders that cause it as well.
The American media is silent on what is happening in China. Rolling blackouts due to China boycotting Australian coal, recent notices to stock up on food by the government, and multiple "accidents" causing massive explosions. Dictators like to start wars to distract from local problems, Taiwan anyone?
@@BridgetKF People don't exercise, they don't practice portion control, they think that just because they're eating veggies that they can douse those veggies in fatty sauces or cook them with large amounts of oils and fats. It's crazy how when I go to Europe, where people actually walk on a daily basis, I rarely see fat people.
@D Nutz I'm aware of the "calories in / calories out", thing. However, there are genetic disorders that, short of starving one's self, quite literally, to near death, the body is nearly incapable of losing weight very quickly at all. Those that suffer from those disorders are often heavily judged and people will say nasty things like "you eat too much junk food" or "you're fat because you eat too much of everything", or "you're effing fat because you're lazy." I can tell you, from experience, that there are genetic conditions that cause obesity as well.
I'm one of those individuals. I eat one meal a day, nearly eat a pure vegetarian diet, and due to my disorder I eat less than 900 calories a day. I also go for long walks and take to the gym. To make up for missing nutrients, I take vitamins with water. I'm still very overweight. I have a severe genetic disorder. Now, the ONLY way I'm going to lose down to a "normal" weight, is to stop eating, entirely, for several months, possibly for nearly a year, and drink nothing but water. Of course, that would lead to me actually dying. Now if you're advocating for someone with such a condition to just DIE, I gotta wonder what's wrong with you that you'd rather someone die than simply live as healthy as possible.
Now, that being SAID, what does a person's eating habits, and genetic conditions, have to do with the broken American supply and shipping systems?
This was excellent
Good reporting
“It’s not me.” Should be the title of this story.
"Family Circus" of shipping.
This supply chain crisis is by design all engineered by the agents of satan/nwo who want the great reset. World govts are colluding together at the expense of their own citizens to usher in new world order. Military checkpoints will be set up on us interstates for covid vaccination certification. Camps will be activated around the world. Police state/genocide is coming. New world order led by obama and pope francis is coming. Jesus christ is coming back for the rapture. Get ready. Dont believe the coming ufo alien abduction narrative
I'm a trucker.. this is compounded because of CA insane over regulation of trucks. Small trucking companies don't want to get trucks backlogged into this log jam. Who wants to sit in line for a whole day making no $$?
I work in the intl logistics business, and responsible Transpacific trade lanes. This is a very complex issue with one cause overlapping another. They failed to mention a few points: It actually started with California passing laws that required newer model trucks, etc... which drove a lot of truckers out of the business. Then the pandemic came along which added insult to injury. Also, the carriers cut each other's throats for years, and now they have a chance to make up all of those losses, so in no hurry to correct the issue. They could actually slow the ships down to give the ports a chance to catch up, but with rates at $20-$30K per box, they are moving as many as possible and as fast as possible.
The irony of costs for excessive holding of rail cars (demurrage) is that they are intended to incentivize the owner of the cargo to unload and free up the rail car quickly and not to treat a rail car as an extension of their warehouse. In this case the owners of the cargo are prevented access to their goods by the carrier. Current logistics practice in the US is a shambles..
well said!
I do believe you mean 'detention' and not 'demurrage'
@@07scaper76 no it's demurrage, detention is for holding the container
But the ships are unloading Maritime containers locally more and transferring them to road containers to get them back on ship quicker and not pay the train companies, this is adding to the clogging of the ports and screwing up the drayage and rail part of the Intermodal system
czcams.com/video/O0W5mck7OJU/video.html
America made a choice 40+ years ago and the bill came due.
We chose cheap foreign made goods instead of American made.
Rome outsourced its military to Germanic tribes and everything worked out fine. Trust the process.
Most Americans can’t afford American made goods anymore
@@tylerw9160 They could if there was a higher standard of living for blue color workers by bringing back at least the skilled manufacturing. Germans don't have a problem paying for German goods.
We?
@@stevenkaminsky6319 baby boomers and their disposable lifestyle wrecked the country
Now all containers from LA shifted to Port Klang in one night. Amazing!
In the early days of covid, shipping companies dismantled some of their fleet to avoid maintenance costs during the pandemic. Many forget this. Look it up.
Yep, not to mention layoffs an stores closing
"Fun Fact: Things Made In The U.S.A DON'T get stuck in cargo ships/yards!!!!" - This is often not true. Just because something is made in the USA, doesn't mean that manufacturer doesn't source their materials' from overseas. I have plenty of suppliers in the USA that cannot fulfill orders because the Tier 2 suppliers are overseas. Its a trickle effect....
Fun facts it isnt as bad as it seems
Perhaps if the “second tier suppliers” weren’t overseas but HERE, it wouldn’t be a problem. Of course their are resources needed from overseas but the fact is outsourcing our industries, manufacturing to Red China and other over seas countries put us in this situation, return it, we could be more self sustaining
Agreed. That is what peple don't understand about "Made in X country" that the parts and materials could be shipped from elsewhere.
@@pharezknights5467 tip while all the stuff on those ships turns to crap by spring.
There is a difference between “made in the USA” and “assembled in the USA”
Lot of Muricans don’t get that.
It looks like CBS News went out of its way to interview everyone BUT the men and women who work those ports. The ILWU is the union that staffs the ports up and down the West Coast, and they have been vocal about this problem. The ILWU local in the San Francisco Bay Area say they have port workers sitting idle and could easily be taking these cargo ships. Why won't they be diverted up there?
It's possible that the workers can't talk to them anyway. Most companies have a media relations person and the workers aren't allowed to talk to the media without risking their jobs.
@@Name-cz5jj true investigative reporting is DEAD!! All we get now is the party line
You can talk all you want to, but there Is no damn way workers are gonna fast track their way through hundreds of backed up container ships easily.
@@Jacaerys1 I believe the question is: Why not have the anchored ships pull their anchor and move their floating vessel to a different open and ready port just north of the backlog. At this ready port, workers are allegedly sitting idle and could assist. Surely them unloading ships at the San Francisco port instead of sitting idle would help, right? Fast Track? No. Easily? No. But FASTER than what we're doing, it would seem.
True. Propaganda needs media to be spread, there is no way to justify "high prices and shortages" if there is no carefully manufactured scripts on those culprits attacking our "consumerism".
The opinion of people doing the dirty work on the inside will destroy their propaganda.
This video reminded me of the LABMC okay LANDC for you younger people. I cannot avoid seeing the overcrowding of containers without thinking of the East and West docks, bldg 113 during the month of December around Christmas time.
Globalisation and globalised supply chains are the worst things to ever happen. Self sufficiency should be our goal.
From what I understand it helps the economies of all countries involved to import and export
Sounds like they have a genius supply chain.
it been working just fine and there's other ports on the west coast, that's not the only one
I just know it must be China's fault, I dunt know why, but it must be the Chinese and CCP.
Hybrid warfare, or whatever it's called.
We
These ports are owned by china based companies not by the cities they're in nor by america which is why china is purposely disrupting the supply chain.
At least they were able to get all those Christmas decoration in the stores by August.
Great effort in this report this has been going on since 1985
The port/container system was a mess 20 years ago when I was working as truckdriver.
@Hello Jeffrey how are you doing?
Fortune 500 companies are making record profits as well. I don’t think industry is any hurry until they suck the stimulus money dry from everyone’s pockets.
I believe that
The system isn't
broken. It's just being overwhelmed by our expectations.
I believe it as well, many are taking advantage of this situation.
@@thomasridley8675 profit motive friend, above all else, is what history shows us
@@thomasridley8675 Yes, it's called greed
Fun Fact: Things Made In The U.S.A DON'T get stuck in cargo ships/yards!!!!
Buy usa = no problem
To be fair, they could just as easily be stuck at a bunch of train yards
Too much reliance on foreign made goods
Amen, Trump was the one who understood.
and another thing your reducing carbon by doing that do you how much ships burn compared to a truck.
I’m speachless
In Europe, they've asked retired truck drivers to return to work but I reckon we're not that desperate.
If only I hadn't outsourced all of my production jobs to china.....
Hmmmm......
Would you pay two thousand for a cell phone made in US if you could buy one from China for a one thousand.
If only the overvalued USD hadn't forced production to go overseas.
Having the primary world reserve currency forces a US trade deficit, and not just with China. Can't have your cake and eat it too.
If only average Amazon consumer stop looking for the cheapest, start paying attention on that sellers page where is their headquarters based off. Over 50% of current 3rd party sellers on Amazon are direct chinese sellers offering reversed engineered, copied inferior products, once invented by genuine American brands. If only Amazon, the US online shopping marketplate monopoly would stop carrying about profit only and stop giving advantage to Chinese copycats selling inferior products and counterfeit, if only local goverment regulations and restrictions on city, county, state, federal level were easier so that actual American brands and manufacturers would be givdn a chance to try in-house manufacturing while staying competitive? This is not a 1 day problem solved.. it will take decades to correct the current situation.
even if you don't outsource, someone else would, and someone else's product is much cheaper than yours, forcing you to rethink your decision and eventually still outsource it to keep your business going.
CEOs maximizing their annual bonuses.
maybe USA Made, Made in the USA would help?
Financialization
I'd like to know exactly what the role of the local governments has been in this shipping backlog. I suspect it's big. 60 minutes left that out. I wonder why.
Solution: Don't buy non-essential items that have to be shipped into the country. I'm happy to have nothing under the Xmas tree that I don't need.
I don’t even have a tree
@@joyaustin6581 if that’s because you chose not to participate in the materialism 👍🏼. If it’s because you’re unable to 🥺
@@WanderingAroundAZ I don’t like clutter. Especially seasonal clutter.
Get ready for the Great Depression part 2. This is worse than I thought it was.
Have an 1850’s Christmas and make gifts to give; Cookies, Quilt blankets, make children’s toys. Spend quality time with family. Put these port bozos out of business.
That is exactly what i have done and will continue to do.
We just give gift cards now.
hard to make various gifts when the materials you need in order TO make them are.... oh yeah... sitting in a container somewhere in the port, or at a rail yard, waiting to be moved!
Yeah, Bubble, that’ll show em. LMAO!
As a dockworker in the SF Bay Area I endorse your thoughts... except for the Bozo part.
Happy Thanksgiving! Our thoughts and prayers go out to the people of Waukesha!
Neillsville Middle School
Neillsville, WI
The bulk of my he delays seem to b centered around Los Angeles an Long Beach, most other container yards maybe a day or two. And yes I travel a lot doing repairs on ship’s automation systems. Usually Marrakech, CMA CGM, and MSC
After watching this and giving my outlook from a truckers perspective, I'd blame the logistics of the ports and rail services. If you can't store empties because of space, there should be a yard specifically for that and trucks should be coming the ports with chassis like thousands of them and the rail needs to have lanes of empty rail cars ready to be filled to eliminate back up issues. There should be plenty of container yards within the country, warehouses ready to be filled, and more ports within the country along the ocean borders
I agree. Drop the containers in the Mojave for the time being. There's plenty of room
Pete Buttigieg ignored this issue, Biden ignored it, the slew of ships waiting dropped anchor and cracked open an underwater pipeline (now you hear nothing about that).
@Judith Chambers a lot of people got caught w their pants down. so called Smart Money doesn't look that smart. in the face of our 1st Pandemic in over a 100 years, that seemingly came out of nowhere, we were certainly not prepared.
you can not create the infrastructure or talent to handle this surge w a snap of your fingers.
there's a German word for taking satisfaction in others failures, = Schadenfreude. I haven't experienced that in this, not even briefly fleeting
Use the Military Bases near the Ports? Military can help with the transport of the empties.
@@b.l.8611 I hear you. Unfortunately, those truck only get about 7-8mpg and diesel is well over $4/gall. in California. Many of those drivers are self employed. Who is going to cover there extra costs of going to and from the military base?
At $20,000/container, isnt it now cheaper to manufacture here?
Other countries (China) have such efficient systems that subsidize costs for the laborer/worker that America cannot bring back the jobs--it's simply too expensive. We're simply forced out of the market. Health care, education, and transportation are great examples. What we're seeing is the culmination of decades of neoliberal globalization collapsing on itself. The derivation of the current economic malaise has to do with the pandemic, the pandemic just revealed what every semi-conscious person knew was happening. Covid is an afterthought if anything.
The current state of the global market system is simply benefiting China as they will economically shift inward and further cement their economic security and prowess. Projections for further Chinese economic dominance has been accelerated. Meanwhile we're seeing higher inflation and lack of goods while there's a huge labor problem. Capitalism is ending/evolving whether we want it to our not.
They will let the consumer pay that cost
Sadly, no. And now we pay $15 for Americans to flip burgers (we know who to thank for that). So probably it will never be advantageous to manufacture here.
@@markwilliams6196 my local Burger King is advertising $18/hr in LA
@@markwilliams6196 "we know who to thank for that"
People with morals? Nobody wants to serve you a burger, unless they can put some arsenic in it.
It's the cost of health care. In other countries that is a government program.
If manufacture was done here, how would it be shipped to other countries? This is a third world country. You don't see corps plopping down mega factories in Africa.
It is my understanding that one of the the reason for incoming shipping fees being so high is because the ships are leaving virtually empty. We are importing from China but not exporting. Is there anyone with first hand experience that can confirm or deny that this is true?
We had to wait till the end before we could hear the 60 minutes pitch line. "The federal government needs to step in and be given more authority". Unfortunately the problems that have led to this are not simply the greed of business owners or incompetent city councils. The federal government's own regulations and incompetence have played a huge role in creating this problem.
That was always the answer Cubans got from Fidel Castro. “Oh there’s a problem in this aspect?” I got the solution: more gov. Control of that.
LA port director: "We gotta get the workforce in the trucking and warehouses that matches the ports"
Hiring companies: best we can do is 10 dollars an hour
Ports are robust because for the last century the most organized workers and union has been longshoremen. You get better paid in that job than teachers, medics, doctors, or any other logistics field.
$10 per hour for the workers?They are better off on social security.
It's not even $10 an hour. A truck driver said that nonunion contractors are paid by the load and pay their own expenses. With the congestion lines they're losing money instead of making money on their trips.
@@EChan-eu2co Independent truck drivers are making a killing right now. The way to do is own your own cab, use one of the apps to pick up cargo and negotiate the price. People will pay top dollar to move goods, if you work for a trucking company, they'll just reap all the profits for themselves.
@@eliasadam2345 there is no negotiating price, shippers put out what the load pays and you take it or not, and truck owners are not making record profits, they are facing massive costs with trucks that last 5 times less than what we used to get out of them, our operating costs have tripled with more down time for repairs, its hard to find a truck repair shop that is not 3 weeks out getting to your repair
American made and American sold doesn't get stuck in ports.
No all your products are parked on the side of the road while the driver sleeps in the cab because he is homeless... no rentals availibel and even the worst hotels charge $120/ night.
As a Merchant Mariner I can tell you the people who work out at sea away from their family for 8 months a year DO NOT get paid enough. And their unions take advantage of them in every which way possible, and don’t even get me started on their retirement… can’t believe the media hasn’t blown that one up..
BOOOO FREAKING HOOOO!!! IF YOU DONT LIKE YOUR FREAKING JOB ,QUIT AND FIND A NEW ONE!!!
@@ralfcrabappletreechopper8766 and what are merchant Mariners supposed to transition to? And I absolutely love my current ship. I’ve had bad ones but am lucky to get on a good vessel. Our union brothers aren’t as lucky as I am.. I hope your comment made you feel better about yourself.
Keep on trucking shout out to all my truckers with love from va
The real problem here is that every corporation has their supply chain overseas, mostly in China, instead of anywhere local in North America. They won't even set up shop in Mexico if it means saving a nickel. This is a problem of the free market's own making. We need higher tariffs for imports from overseas and we need to use that money to invest in automation in manufacturing to produce goods in the US for a cost that is similar to low wage workers overseas. It's not just about keeping the prices of goods from spiraling out of control, it's a national security weakness to have everything being manufactured by your enemy
Too little too late mate
This right here. This year is a mess, but maybe it can be modernized and resolved in 5 years or something.
@@andresjg6 Modernize and catch up with the rest of the modern world, and the USA won't do that because "Whine - we won't make as much money then!"
Wasn’t Trump in favor of tariffs for imported goods? Oh but Trump was SO bad….serves you all right.
won't those tariff prices be passed on to the consumers?
I just watched this whole thing and still have no idea what is going on.
lots of people making money by holding packages hostage.
Well, I was told that the reason we're having a supply chain problem is because Buttigieg took paternity leave...
Financialization
Me too and I’m supposed to write a paragraph on this for bonus points 😔
I think the moral of the story is Americans should buy more American made products... "Made in the U.S.A."
I couldn't agree with you more !!!! But they won't..... Sad but true ...
Finally the truth comes. Thank You 🙏 60 minutes
Guess I'm buying a playstation 3 and playstation 2 and gluing them together :-/
I'll just keep using my Atari!
That's impressive
@Control-Alt-Delete 2.5
We are forgetting another major issue. The "brokers". They are taking advantage of the truck drivers. So that results in drivers rejecting loads for paying to low, but yet they are making record breaking profits. Please can anyone explain that.
Because Americans LOVE union busting. For 40 years, we voted for union hating politicians in both parties. And here we are.
we outsources the companies and the manufacturing, in doing so we have lost control of our own shipping system, its called corporate greed
Actually, Trucker pay has gone up 15% for Hub Group, Schneider and JB Hunt. I cannot speak for other companies, but those 3 I know. They are competing for drivers and they are increases driver wages in the process.
“I can, for MONEY.” - Gromflamite
@@livefree1030 but your cost of living went up 30%
Anyone blaming the human workers down the line are heartless, soulless monsters
Did these people ever stop to consider the conditions their truckers have to work in? The pandemic proved how poorly theiy are treated. Well, turn around is fair play. Now we need them and they arent there! Whose fault is that?
The supply chain problem seems more structural as opposed to "consumer demand." They keep blaming the consumers while pocketing the money.
Yes, the economy spent many decades switching to Just in Time manufacturing to cut costs. Orders are no longer put in anticipation of demand, rather it responds directly to it. It means the system is completely reactionary and vulnerable to disruptions in the supply of goods at any point.
@@tboneforreal dam good point. I find myself doing the same to avoid needing investors… but yeah has its perks.
There definitely seems to be a lot of issues within the supply chain but we can't ignore the fact that we do over consume. With the population growing the way it is and the ever increasing need to have the newest items, it just will not be sustainable to continue to consume the way we have.
Evidence for this please. Too many people on here are making claims about things they probably have no clue about. How are corporations pocketing money on extra shipping costs they have to pay. Also, how is it not due to demand? We are coming out of a global pandemic where people are starting to spend more.
Look's like Santa's gonna have to give his Reindeer some blow this year.
Lmao
Lol
Lol thank you. Made my Monday.
What about the elves
@@nickp9994 meth
Greed has a price that we have not seen yet....but soon will....
Now there are cargo pirates in la Lincoln heights . People robbing cargo trains plus one train got off the tracks derailed because of boxes. Crazy. Plus when people are caught no charges made.
Destruction by Design. Lol
We the people see the fake 💩💩💩💩💩💩 60 minutes and others are SPEWWWWWWING
Just like with the Great Recession.
Absolutely
Do you have an idea of why this is happening? I would enjoy hearing another theory. Actually, I would love to know someone else has SOME idea about what’s actually happening. I don’t think we can change what’s being done, but Americans at least deserve the truth. We are being manipulated, and lied too.
It’s all part of the plan by the Democrats to destroy America!
Why does a local city have a control over a port that is taking in foreign product? Seems like this should be a state or federal level thing.
China bought control over the port
Because the city builds and controls the facilities, not the federal government. If you build it, they will come. It's a guaranteed money maker for cities with waterways.
@@dougmoore4653 You seems to have some sort of obsession. You should seek help.
@@bzdtemp no he is right, china owns the majority of all shipping ports in the u.s., just look up mitch mcconnells wife and the company her family owns
@@dougmoore4653 nope China has no control or investment in us ports . No foreign company is allowed in so that’s one reason USA is in such a mess but don’t forget the unions …highest paid jobs in America and many are on the rolls and don’t even need to turn up . Complete resistance to modernisation as well
Their nothing like watching greed distroy a modern world economy.
Omg 😳 this is crazy
I had heard about this for months but we flew into LA the other day and I saw the ships with my own eyes. It’s unbelievable to think about the millions of products that are just anchored off shore because the ports are already full. Insane.
I mean dump a bucket into another bucket with a small hole at the bottom and you’ll get the same effect. Open a trucking company.
@@Lucas_Antar
I can't imagine a more miserable job than trucking. Dealing with other drivers on the roads would be a clucking nightmare.
@@yourlogicalnightmare1014 I said open a trucking company not becoming a trucker.
💯 % DELIBERATE.
@@Lucas_Antar you don't start at the top. Got life twisted son.
These cargo companies are price gouging... and they’re not paying employees more. Make these port jobs the most coveted jobs in the country and the freight will move. Make trucking a 6 figure job immediately and the freight will move. You have to give people incentive to do this work.
That will increase the cost of goods. Do you want to pay $1000 for a microwave oven?
The port jobs in LA are the most coveted within the trucking community, the unions run the ports and most employees get paid ridiculous wages. The issues they are virtually unfireable and have no incentive to work harder. I’ve been dispatching for 7 years working directly with them, and it’s extremely rare to find someone with a sense of urgency willing to help truckers ingate empties and extracting loads.
Companies pay people more 😂
@@fr2ncm9 Higher cost of goods lower demand and reduce port congestion, so yes, pay truckers 6 figures, sell microwaves for $1,000 and the supply chain is fixed. No more backlog.
exactly, there isn't a "shortage" of truck drivers, offer 100,000 salary and every trucker position will be filled in a week.
The top two carriers that transported more empty containers than loaded U.S. exports out of the Port of Los Angeles were OOCL, which is headquartered in Hong Kong, and its parent company, COSCO, which is headquartered in Shanghai.
OOCL recorded a 35.1% decrease in loaded exports and a 104.1% increase in empty containers. COSCO transported an increase of 4% in loaded containers versus a 104.6% increase in empties.
We have a massive dying middle class, we have an international pandemic, and at NO POINT does the show say, "we need to ensure national stability with domestic production!" Instead they say, "We're gonna pay tons for Christmas gifts this year!" and "We need to remove local government's power and update our docks!" Gimme a break!
It highlights the problem of buying too much from China and we don't make enough of our own goods anymore.
Look up fiancialization.
No it doesn’t. It has nothing to do with China.
This was by design.
If we manufactured everything here, the crysis would have been designed in a different way.
This is about rising prices, making it harder for the common family to survive.
The mark of the beast is here.
What I know is this, this wasn’t done by accident, neither was Covid-19.
We need to think critically about this.
No. It highlights that requiring vaccinations for people who work in the docks is a really dumb idea.
@Private Person I don't want to go back to the '50's, but remember during the outset of the pandemic we didn't have enough ingredients for the medicines we needed or masks or medical equipment? It was all being imported from China and China had their hands full dealing with their own emergency so we ran short of everything. And now this.
@Private Person Things were cheaper to produce domestically because the cost of living vs minimum wage was smaller than it is today. If by comparison to Vietnam or India a worker can survive on less $ then the overall cost of labor is less. The cost of living has been so inflated and commodified that equal quality of lifes in the US vs vietnam or china are drastically different. A manufacturing job full time will pay for all your needs and costs in vietnam, but in the US you will be forced to take a night job to pay bills.
Business sez:
Every crisis is an opportunity for outsized profits.
Yep, and the Left loves defending those rich people while also claiming their against them.
Nope, Regulations say you can't do that. What're people supposed to do, ignore the government?
@@acbulgin2 I agree with the majority of this, and agree that money only has the value we give it. However, I'm not sold on the idea that trade should be done only with material goods (if I understand your post correctly) because having what is known as a "coincidence of wants" is very rare, which is why people invented currency in the first place. Our mistake is allowing the government to control the currency.
Good video
Let's try and imagine what would motivate a backlog of inventory , while demand pushes pricing levels up ,up, up?
Hmmm.....
We don’t export anything. That’s the problem.
Yes we do, scrap metals, soy bean, hay, cardboard and plastic. All crap
That would be because the US has a hard time competing cost wise on the world stage. As Americans only a small percentage of the working population would be able to afford US made goods. And compared to other countries our individual income is pretty strong.
We export most of our chicken feet to China.
@@boomup2117 China wants all of US' high tech stuffs including those applicable to military. But US doesn't export them to China.
@@adeebihabibi Agreed however currency adjustment will never account for enough.
Support local business, artists, Etsy etc
This could be a good for artist, crafters and resale.
Until they run out of supplies for their art because it also comes from China
@@Elizabeth-kd8ib true but artists are so resourceful and creative. They can turn art into anything
I was shocked when I saw how little the crane operators are paid in these huge port cities which are very expensive to live in. Most truck divers I know make a pretty good living depending on who they work for and whether or not they are owner operators.
Quit relying on two ports and divide the work load
Outsourcing is the cost of this! build in America 🇺🇸 buy in America 🇺🇸 companies moving to China 🇨🇳 because of profits 📈 now will lose cheaper isn't always better !
Exactly, and they are not talking about that. All of them , journalists, politicians, business people.
Wow, you're very naive. RetrumpliQans say they want lower prices which means they don't care where stuff is made as long as it's cheap.
When or if manufacturing does move back to the US, Americans will be complaining about skyrocketed prices of goods. Why do you think companies moved out of the US in the first place? This is just how economics and capitalism work. If the average wage in the US is the same as that in China, I’m sure manufacturing will be back in no time. You just can’t have it both ways.
@@doniel2008 Thank you for keeping it real. All these fake anti-globalists love to virtue signal with their fake "Go U.S.!" while shopping at Walmart and Target and stores that would be out of business if not for the cheap goods from China.
Financialization
How about we just start manufacturing most of this here again for a change.
There is no we.
Not letting you get access to your cargo, Not being able to deliver it to you and yet are able to charge you storage fee's ?
What a complete burn that is '
That’s nuts
Just don't buy Toys and Cookware from China
Why buy ANYTHING from China? iPhones? Get something else!
@@simplywonderful449 If you don't want to buy anything from China, you will not find anything to buy. Unless you are looking for a John Deere or Caterpillar tractor.
What caused our supply chain crunch? The answer is not complicated: exporting our manufacturing capacity.
Exactly
The question is are you willing to pay 4x the price for American made goods? Minimum wage here is around $8 in the cheapest of states, it's maybe 50 cents an hour in china. I've tried manufacturing in the US. The cost is too high, and that makes my prices so high, no one would buy what I make. I've tried, trust me, the best I could find was 4x what china would do it for with shipping included.
@@heyaisdabomb I understand completely and this will keep on going because money dictates everything
@@heyaisdabomb I don't doubt what you're saying is true. My question is, how did it work in the past when we built an American middle class? We can't do what other countries do?
This is about concentration of market power, and liquidation of excess capacity for short-term profits. And NOW these same companies get to demand more money to "fix" the problem that their greed created.
Well I heard when there's a log jam in the river you need dynamite to get the logs moving again in the river....what can be the dynamite or catalyst?
At no point do the mention the actual problem as being the actual problem. Rampant consumerism. How about just stop buying tons of crap that you don't need?
Rampant consumerism is not a “problem” for the business owners, obviously.
That is a ridiculous perception of issues. No more video games for you. Its time to live in the real world
/sarcasm Just buy video games made in America /sarcasm
@@bullsmurf no such thing
@@pearla4731 Did you not watch the video? There is so much junk piled up that the business owner can't get to their stuff because other stuff is piled on top of it. And that is just one of the problems. All stemming from people buying tons of crap because of the pandemic. The current system can't handle this much demand because a bottleneck has been created.