'All our margins are gone': Supply chain challenges squeeze small businesses

Before the COVID-19 pandemic, Helmi Ansari could get espresso makers and stainless steel water bottles manufactured within three months and delivered to Canada by boat for about US$4,500 per shipping container.

"It's insane. There's absolutely no way that a small business like ours can really continue to cope with this." The outcome could be even more grim for companies that were counting on this period to help them rebound from COVID-19 closures and even stave off bankruptcy. The Drewry World Container Index, for example, showed the rate to move a 40-foot container from Rotterdam to New York reached US$6,214 at the start of December and has surged by 208 per cent since last year. The Shanghai-Rotterdam route was even more expensive at US$13,500, up 283 per cent from last year.

"I still don't know if I'll be able to produce it through the producer or if I'll actually just have to keep producing this myself," she said.

Biden says this is fake news.

Hey at least all those diesel trucks aren’t on the road causing climate change though right

Too sad….

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