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Kevin Feig’s Florida auto parts company is paying the U.S. government up to $600,000 a month in import duties.
Goods sitting idle in warehouses or containers will head to the U.S., though many companies have adapted to shortages.
China’s first-quarter economic data is not likely to be rosy, given the fallout of the Ukraine war and the current COVID surge.
Fewer goods coming from China during its lockdown and more trucking companies have helped.
Some businesses are switching products, while others try to build up and promote products that are available.
“Everything is just a constant pivot,” says Gretchen Blough, a customs broker in Erie, Pennsylvania.
Raise prices? Order more inventory, or less? Business owners describe how they’re dealing with dramatic changes in market conditions.
Small business owners are to grappling with staffing shortages, supply chain issues and higher costs.
The key to unfurling domestic supply chains may not be more truck drivers on the road, but getting them in and out of warehouses faster.
The war in Ukraine is already slowing production in ways automakers — and consumers — will feel in 2022 and beyond.