Most of the commentary about the port problems has focused on the economic cost: $1.9 billion a day, according to Commerce Secretary Penny Pritzker. But the situation reveals something more profound about the fragility of the U.S. supply chain. We simply don’t manufacture enough domestically to satisfy even modest demand, leaving us vulnerable to dangerous supply shocks that aren’t necessarily limited to labor disputes.
Most of the commentary about the port problems has focused on the economic cost: $1.9 billion a day, according to Commerce Secretary Penny Pritzker. But the situation reveals something more profound about the fragility of the U.S. supply chain. We simply don’t manufacture enough domestically to satisfy even modest demand, leaving us vulnerable to dangerous supply shocks that aren’t necessarily limited to labor disputes. - See more at: http://www.thefiscaltimes.com/Columns/2015/02/20/West-Coast-Port-Showdown-Shows-Just-How-Fragile-US-Economy#sthash.DaQKCxdf.dpuf
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