Hints of Progress Raise Hopes for Supply-Chain Normalcy

Global supply chains could see enough relief in coming months to clear shipping backlogs, several industry leaders said.

Port of Los Angeles Executive Director Gene Seroka said retailers plan to replenish inventories next quarter just ahead of the next peak season, set to begin in June or July. Seroka told Bloomberg TV he’s optimistic upcoming labor talks won’t cause major disruptions. (Click here for the full interview.)