The global supply chain crisis has taken a turn for the worse, with major ports reporting record backlogs and retailers warning of holiday season shortages. Experts say the situation is unlikely to improve significantly in the near term.

The crisis, which began during the pandemic, has been exacerbated by labor shortages, transportation bottlenecks, and surging consumer demand. The White House has announced new measures to address the issue, including around-the-clock operations at major ports.

Businesses are being forced to adapt, with many increasing prices and warning of potential delays. Economists warn that the supply chain issues could continue to put upward pressure on inflation.