Cargo sitting at California ports adds to the spike in inflation as a combination of events has caused this congestion. This bottleneck has led to shortages in products and in some instances, only the higher-priced products being available for sale. The holiday shopping season will be affected as restrictions in inventories continue and demand rising above last year’s levels. We expect this congestion to slowly be alleviated as ports work through this bottleneck in the first quarter.
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