Bloomberg columnist Brooke Sutherland speculated that the supply chain crisis has peaked in the US, as evidenced by declining shipping costs and a reduction in wait times at the Port of Los Angeles.

The supply-chain crunch appears to have already peaked in the U.S. When I first wrote this in mid-October, it felt like a bold assessment. Over the past two years, just about anything that could go wrong with global supply chains has gone wrong, from volatile swings in demand, a wave of extreme weather events and even a container ship getting stuck in the Suez Canal. But evidence keeps piling up to suggest that the U.S. is slowly but surely making progress in easing freight congestion and supply shortages.

Check it out here.