Ships wait off the California coast, unable to unload their cargo.
Truckers are overworked and overwhelmed, often confronting logjams.
Rail yards have also been clogged, with trains at one point backed up 25 miles outside a key Chicago facility. wapo.st/3FqpPSE
The commercial pipeline that each year brings $1 trillion worth of toys, clothing, electronics and furniture from Asia to the U.S. is clogged and no one knows how to unclog it.
As Americans fume, supply headaches are expected to last through 2022. wapo.st/3FqpPSE
Today’s twisted supply chain is forcing companies to place precautionary orders to avoid running out of goods.
Consumers are confronting higher prices and shortages of cars, children’s shoes and exercise gear as the holiday shopping season looms. wapo.st/3FqpPSE
Fallout from the pandemic is the chief culprit behind soaring freight bills and delivery delays.
Americans trapped at home slashed spending at restaurants, movie theaters and sporting events and splurged on other goods, triggering an import avalanche. wapo.st/3FqpPSE
But the pandemic also exposed weaknesses in the nation’s transport plumbing: investment shortfalls at key ports, controversial railroad industry labor cuts, and a chronic failure by key players to collaborate, according to dozens in the industry. wapo.st/3FqpPSE
“From an economic point of view, it’s a disaster because cargo is waiting,” said Markus Grote, captain of a container ship.
When the supply chain works, goods flow continuously, as if borne along by a river.
A bipartisan group of lawmakers plans to introduce legislation that for the first time would require trust companies, lawyers, art dealers and others to investigate foreign clients seeking to move money and assets into the American financial system. wapo.st/3Anji7H
The bill’s sponsors cited the findings of the #PandoraPapers investigation, the result of a sweeping international collaboration published this week that exposed how the global elite conceal their wealth in tax havens that increasingly include the U.S. wapo.st/3Anji7H
Stories by The Post and @ICIJorg showed that little-known trust companies in Sioux Falls, S.D., established nearly 30 trusts holding assets connected to people or companies accused of corruption, human rights abuses or other wrongdoing in some of the world’s poorest communities.
If you’ve tried shopping on Amazon or through Instagram ads, you've probably encountered a mix of brands you haven’t heard of.
Between the reputable and the counterfeits is a sea of mysterious companies selling goods of unknown origin and quality. wapo.st/3uLJqrB
The burden falls on shoppers to tell the good from the bad.
Some of the brands are genuine gets. The rest are a mixed bag of hustles — either poorly cloned products or orders shipped directly from subpar overseas manufacturers. wapo.st/3uLJqrB
Reviews on shopping sites are regularly gamed by sellers.
Shoppers have to look for subtle signs, like too many reviews that are overly positive or use repetitive language — or a stolen product photo. wapo.st/3uLJqrB
While cash may be the traditional means of providing untraceable gifts to politicians, the very wealthy often turn instead to the offshore world to produce an alternative currency: companies registered in secrecy havens and stuffed with valuable assets. wapo.st/3oGHCPE
The world’s wealthiest are among the most avid users of offshore companies, a new cache of documents known as the #PandoraPapers shows, and they turn to tax havens for a variety of reasons. wapo.st/3oGHCPE
The documents obtained by @ICIJorg and shared with The Washington Post and journalists in 117 countries and territories around the world shed light on how the world’s wealthy use offshore companies to conduct business. wapo.st/3oGHCPE
For decades, Douglas Latchford cut a romantic figure: The genial Englishman was an explorer of jungle temples, a scholar and a connoisseur seduced by the exquisite details of ancient sculpture. washingtonpost.com/world/interact…
Beginning in the 1970s, he amassed one of the world’s largest private collections of Khmer treasures, mostly Hindu and Buddhist sculptures, the remains of a civilization that flourished in Southeast Asia a thousand years ago. washingtonpost.com/world/interact…
While Latchford professed reverence for Khmer achievements, he was also trafficking in and profiting from antiquities pillaged from that civilization’s sacred temples, according to U.S. prosecutors, part of a decades-long ransacking of Cambodian sites. washingtonpost.com/world/interact…
Documents in a massive trove of financial records, known as the #PandoraPapers, show how sanctions afflict Putin insiders — and how far they go to evade them. wapo.st/2WKF5sk
Over the past seven years, the U.S. and Europe have imposed sanctions on more than 800 Russian individuals and entities for alleged “malign” behavior including annexation of Crimea, cyberattacks on Western institutions and disruptions of U.S. elections. wapo.st/2WKF5sk
The Pandora files show sanctions not only hitting their Russian targets but then triggering losses that spread across their interconnected financial networks. wapo.st/2WKF5sk