How Amazon Is Dealing With the Global Shipping Crisis
Did you know there’s a global shipping crisis? Containers ships are stuck in traffic at ports around the world and it doesn't seem like they will be moving any time soon.
The situation is so dire that factories have had to limit production. Why is this happening? The COVID-19 pandemic led to lockdowns as well as inconsistent supply and demand which threw global supply chains and transportation networks completely out of whack.
There's also a shortage of workers: there aren’t enough workers at nearly every single point of the supply chain. And let's not forget how Ever Given became stuck in the Suez Canal in March 2021 leading to many clogged ports.
One company that isn't struggling with shipping however is Amazon. While other companies wait at ports for more than two months in Los Angeles, Amazon’s cargo ships wait for just two days.
What special shipping routes does Amazon use to get its goods delivered always on time? What does the firm have that others don't? Can its technique be used to speed along other shipping routes? What will happen to the global shipping industry if a solution to the crisis is not found soon? We answer all these questions and more in our video.