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Carol Spieckerman's RetailWire Blog
July 28, 2010
Retailers Face Higher Cargo Costs, Late Deliveries
FROM RETAILWIRE:
Retailers that benefited from trimming their inventories during the Great Recession are finding an unexpected side effect from that action has driven up the costs of getting goods shipped from overseas. How big an issue is the current shipping situation for U.S. retailers and their suppliers?
MY COMMENTARY:
Freight log jams have happened in the past and, while they feel catastrophic at the time and there is always a lot of buzz about price increases, things tend to settle down and become a distant memory quickly. I do have a couple of clients that are being hit hard by this because they have major programs setting; however, retailers are being pretty understanding because they are facing the same issues. "I feel your pain" is the upside of private brands! |
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