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Ocean Shipping Reform Act of 2022

President Biden signed the bipartisan bill Ocean Reform Act. This is the first significant revision to this legislation in over 20 years. The bill addresses ocean shipping supply chain issues. Among them are things like shipping container shortage, crisis management, and late fees charged by the ocean carriers and terminals, which are passed on to the consumer, adding to inflation in the US.

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Amazon expands its network of warehouses

According to the story by Bloomberg, Amazon has spent billions of dollars on real estate, that will be used for a new generation of multi-story warehouses. For example, the company purchased 193 acres outside Round Rock, Texas – located a few miles north of the booming city of Austin, where GeekSeller’s headquarter is located.

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