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Supply Chain Problems Continue
As container ships sit idle outside the ports of Los Angeles and Long Beach, supply chain bottlenecks are affecting a wide range of industries. Glass bottle shortages, for instance, are slowing production of Texas and California wines. Last week, both Apple and Amazon warned of growing supply chain problems and reported lower-than-expected revenues for the third quarter. Amazon said it expects to incur several billion dollars of additional costs in the fourth quarter because of “global supply chain issues,” labor shortages and higher wages.
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