The Christmas shopping season of America will be under the threat of short products or mounting cost this year

It was reported that 1.1 million TEUs of goods of Walmart has reached US while cannot be loaded. The goods shelf of Walmart has been empty while the stores were helpless. It was not simply the problem of Walmart, almost all retailers involved sea transportation confronted such plight, which may not be solved in short run. According to the latest agreement, the Biden government announced that the port of Los Angeles will start 24-hour/7-day operation from today so that Americans can obtain needed goods. Long Beach may implement similar plan too. It was learned that some shippers like Walmart, UPS, Home Depot and Target have agreed to accelerate operation and clear customs out of the port as one part of today's agreement. Let's wait and see what will happen!