Global Supply Chain Disruptions Continue As Pandemic Induced Issues Drag On As businesses struggle to meet demand amid economy-wide supply chain bottlenecks, many are cutting their advertising budgets.
Shipping vessels from abroad are currently idling outside the Los Angeles and Long Beach ports — which handle 40% of all shipping traffic entering the United States — as they wait to enter and unload. The bottlenecks — caused by COVID-19 lockdowns in Asia and labor shortages in the United States — are leading to shortages in consumer goods.
Many firms are therefore slashing their advertising spend as they struggle to fulfill existing […]
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