Outlook 2021: Lack of surge capacity leaves shipping vulnerable to external shocks

[caption caption=”As of Dec. 12, there were 18 container ships awaiting berth off the ports of Los Angeles (pictured) and Long Beach, the most severe backup since the months-long West Coast longshore labor dispute in 2014-15. Photo credit: Unde…

[caption caption="As of Dec. 12, there were 18 container ships awaiting berth off the ports of Los Angeles (pictured) and Long Beach, the most severe backup since the months-long West Coast longshore labor dispute in 2014-15. Photo credit: Underawesternsky/Shutterstock.com."][/caption]This story appears in the print edition of the Jan. 4, 2021...