Supply prices rise as ships sit

Rochester, New York — Many Americans are seeing a shortage in supplies, as thousands of clogged cargo ships sit stalled on the coasts of the United States and the prices of goods are going up.

Supply chain expert said, “everything that can go wrong, has gone wrong.”

George Conboy, a financial expert with Brighton Securities, recently saw the clogged cargo ships off the California coast. “At least 40 large container ships, each laden with hundreds —perhaps thousands— of cargo containers,” Conboy said.

Conboy said many of the items are coming in from overseas. He says if you need something now, buy American. “Pay a little more, and get them done here in the US.” It’s also a good chance to on-shore some of our production, he says.

At Ristorante Lucano on East Ave., they’re coming up short on Italian ricotta cheese, seafood, and paper supplies. “It’s sitting on a ship somewhere waiting to be unloaded,” owner Chuck Formoso said.

Formoso says too many across the country are still aren’t working. “Just sitting at home watching Netflix and playing on their phones, unfortunately.”

People saying that’s being felt with food and gas, worried this is just a start. “Food items from going out, whether groceries or at a restaurant,” Julio Nieves said.

“I noticed gas, I guess some stuff at Wegmans maybe,” Tyler Devore said.

According to Conboy, all throughout the supply chain, all throughout the economy, higher prices are rippling out into every corner of it. “And likely that will mean higher inflation, and higher interest rates you can count on that,” he says.

The economy can recover provided lawmakers don’t interfere with too much regulation in the natural process of our free market system, Conboy said.