For more than a year, companies have been racing to lease more and more warehouse space across the U.S. as they build out their logistical supply networks in the face of surging e-commerce demand. But the coronavirus pandemic has shown a weakness in that strategy: The systemic issues plaguing the shipping industry today stem from a critical shortage of workers facing many industries, a shortage that diminishes shipping and trucking capacity at a time when retailers are racing to get the product on store shelves and to consumers’ front porches. It's a problem that won't be solved by Christmas.“Fixing this holiday, it's literally like turning an aircraft carrier. I mean, what can you really do at this juncture?” said Adam Roth, the director of the commercial real estate brokerage firm Read the full story here. |