Because of port blockages, ‘US inventory has actually gotten worse,’ says Asus Co-CEO Samson Hu.
PC maker Asus says it’s struggling to ship enough products to US retailers due to backed up naval ports and a shortage of truck drivers in the country. “Therefore, inventory in the US has actually gotten worse and faced more constraints,” said Asus Co-CEO Samson Hu in an earnings call last week. “In our October earnings, we were actually impacted a little bit by the US inventory issues because our shipments were not able to be delivered to our customers. » The news certainly doesn’t bode well for the PC industry or the holiday shopping season. In response, the Biden administration has been working with US ports, trucking companies, and retailers to unload more cargo containers to help solve bottlenecks in the country’s supply chain.
