Gene Seroka on the Logistical Logjam at the Port of LA
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 2 August 2021
⏱️ 59 minutes
🧾️ Download transcript
Summary
America's ports are a key source of congestion contributing to supply chain disruptions rippling through the economy. Things have gotten a little better, but very slowly. And the disruptions are expected to continue for quite some time. To understand more about what's going on, we spoke with Gene Seroka, the Executive Director of the Port of Los Angeles, to understand how bad the problems are, and how they will eventually be fixed.
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| 0:50.9 | Hello and welcome to another episode of the Odlots podcast. I'm Joe Wyzenthal. |
| 0:56.9 | And I'm Tracy Alloway. Tracy, I think we're actually getting to the point where we've covered a lot |
| 1:04.1 | of the supply chain by now. No, that's impossible. There's always more. There's definitely always more, |
| 1:12.0 | but I feel like the big things were starting to like, if you were to have some manufactured good |
| 1:19.0 | for those manufactured in China and consumed in the US, you would know a lot about it by now. |
| 1:25.4 | If you listen to Alloway. We've certainly provided a public service in supply chain education. |
| 1:32.5 | That's true. So yeah, okay. So we've talked about ships and the containers at least three times, |
| 1:40.9 | I think, actually, two on a freight one on dry bulk more. We talked about trucking. We recently did |
| 1:48.5 | a warehouse episode, although unfortunately you had to miss that one. But of course, you know, okay, |
| 1:54.8 | there's the ports. And we've talked about congestion at the ports, but we really have a |
| 1:59.2 | dived deep into what's going on there. Yeah. Well, we've sort of talked about the ports from |
| 2:05.0 | the perspective of the shipping industry. And there's a bit of, I guess there's sort of blame being |
| 2:12.5 | laid on both sides for the transportation gridlock, right? So a lot of the container shipping companies |
| 2:17.4 | will say, well, yes, there's a shortage of containers. And there are some issues in shipping, but |
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