For years, Amazon has been quietly chartering private cargo ships, making its own containers, and leasing planes to better control the complicated shipping journey of an online order. Now, as many retailers panic over supply chain chaos, Amazon’s costly early moves are helping it avoid the long wait times for available dock space and workers at the country’s busiest ports of Long Beach and Los Angeles. Supply chain chaos will likely persist through to the middle of next year, according to Jim Snabe, chairman of German conglomerate Siemens and Danish shipping firm Maersk. Businesses and consumers around the world are currently facing lengthy delays on products and materials because of supply chain issues. The Federal Reserve reported Wednesday that many parts of the country were hit by supply chain disruptions and labor shortages in November. While these problems have continued into December – with price increases reported to be widespread across the U.S. economy – empty shelves aren't the only issue for Americans. Pharmacies are reportedly running out of important prescription medications, and the U.S. Food and Drug Administration (FDA) shows there are about 111 drugs on backorder – including heart medications, antibiotics and cancer drugs.
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