East Coast Ports Gain As Supply Chains Diversify From West Coast
Persistent congestion at the Ports of Los Angeles and Long Beach is driving importers to shift to East Coast ports, leading to a significant increase in throughput. However, East Coast ports are also facing congestion and rising freight rates. Businesses need to enhance supply chain resilience through risk assessment, cost analysis, diversification strategies, and technology adoption to navigate the evolving market environment. This proactive approach is crucial for mitigating disruptions and maintaining operational efficiency amidst ongoing supply chain challenges.