Tuesday, September 21, 2021

Supply chain issues leading to shipping delays, massive increase in costs ahead of holidays

Supply chain issues leading to shipping delays, massive increase in costs ahead of holidays
"(WXYZ) — ...Everitt told 7 Action News this week that prices have gone up 10% on some products, certain suppliers are now charging for fuel, and a number of companies are also giving them out-of-stock lists now.
So, a toy shortage is possible.
...You can expect prices to go up because shipping costs have gone up so much. 
Vespa said last year, English Gardens could order a 40-foot shipping container from China for $7,000. Now, he said the cost per container runs $13,000-$23,000.
The Drewry World Container Index report from September 16, 2021 showed the average cost to ship a 40-foot container increased 2.9% to a price of nearly $10,375 per container. 
That's 
  • 323% higher than a year ago 
  • and the 22nd consecutive week of increases...Read all.

No comments: