Gene Seroka on What’s Happening Now at the Port of LA
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 20 December 2021
⏱️ 43 minutes
🧾️ Download transcript
Summary
There's no single measure we can look at to tell us whether supply chains are improving or not. There are some signs of easing (such as the number of containers sitting at the ports) but other signs are still getting worse (such as the number of ships waiting to dock). So what's really going on? And are the White House's efforts at easing the strain actually bearing fruit? On this episode we speak with Gene Seroka, Executive Director of the Port of Los Angeles, who we last spoke to in the summer, about the actual situation on the ground.
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| 0:42.8 | Hello, and welcome to another episode of the Odlots podcast. I'm Jill Wyzenthal. |
| 1:00.4 | And I'm Tracy Alloway. Tracy, it seems like there are some tentative signs out there of |
| 1:07.7 | easing global supply chains. Yes, and no. I keep seeing a mixed bag. And also, I mean, |
| 1:14.4 | we kind of have to talk in terms of geographies as well. So I know Bloomberg economics literally |
| 1:18.4 | just hit the button on a piece of research saying that there seem to be some signs of improvement |
| 1:23.4 | in the US and Europe, but in places like the UK, things are just getting worse. But of course, |
| 1:28.8 | even in the US, there's a lot of debate over what exactly it is we're seeing and what we should |
| 1:34.8 | be looking at in terms of judging whether or not things are actually getting better. |
| 1:40.4 | Right. There is not like one supply chain index or one measure of prices or one measure of |
| 1:46.9 | shipping time that can give us the answer. There's clearly a lot of different moving parts to all |
| 1:52.0 | this. And so at this point, I think maybe it's safe to say things aren't still getting worse. |
| 1:58.6 | I think generally speaking with at least in the US, but whether things are like sustainably |
| 2:04.2 | getting better, whether packages and containers are moving through our system faster, still feels |
| 2:10.0 | kind of ambiguous. Yeah, I think that's right. And of course, we recently spoke with the White |
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