The home improvement retailer is one of many companies facing supply chain challenges and trying to find creative solutions to keep merchandise in stock.
is one of the largest importers in the country. Yet with congested ports, container shortages and Covid-19 outbreaks slowing shipments, the company made a decision: It was time to get its own boat.
Decker said the contracted ship, which will begin running next month, is just one example of the unusual measures that the company is taking as it copes with challenges that have ricocheted across the global supply chain. Other retailers have also had to go to great lengths to try to stock stores and distribution centers and keep up with consumer demand as the economy recovers from the pandemic. For shoppers, retailers' logistical woes are playing out in the form of out-of-stocks, long delays before a purchase's arrival and higher prices.
"Right now, they are all trying to figure out 'How do we mitigate that risk to make sure that we've got the product here in time for when those holiday season sales start?'" he said. "That could mean moving up timing for when you bring your product in, which could further lead to additional congestion and delays."More than a year into the pandemic, Gold said, retailers continue to play whack-a-mole with a revolving set of problems.
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