“Conventional wisdom had it that the trouble was largely the result of a surplus of orders reflecting extraordinary shifts in demand. Consumers in the United States and other wealthy countries had taken pandemic lockdowns as the impetus to add gaming consoles and exercise bikes to their homes, swamping the shipping industry with cargo, and exhausting the supplies of many components. After a few months, many assumed, factories would catch up with demand, and ships would work through the backlog.” NYT (gift article for ND readers): The World Is Still Short of Everything. Get Used to It.

+ A record-breaking 44 container ships are stuck off the coast of California. (The norm? Zero.)