Supply-Chain Crisis Doesn't Require Money

Although most of the discussion surrounding current U.S. port and supply chain bottlenecks has focused on the economy and Americans’ holiday shopping plans, some are using the situation to sell the $1 trillion bipartisan infrastructure package now before Congress. That bill directs nearly $12 billion in taxpayer funding to U.S. seaport infrastructure and billions more in general infrastructure grants for which ports are eligible.* Given that American ports lag their global peers in terms of both efficiency and size, such advocacy makes some superficial sense. Dig a little deeper, however, and you see that, while U.S. port automation and expansion would surely be worthwhile, the infrastructure bill is not the way to do it – and might actually make things worse. Read Full Article »