Supply chains struggle to keep up; problems likely to persist (chainstoreage.com)

Retail supply chains are working overtime to keep up as consumers return to normal shopping patterns amid increased vaccination rates.

“There’s no shortage of demand from consumers, but there continue to be shortages of labor, equipment and shipping capacity to meet that demand,” said Jonathan Gold, VP for supply chain and customs policy for the National Retail Federation. “Supply chain disruptions, port congestion and rising shipping costs could continue to be challenges through the end of the year.”

Supply chains are finding it difficult to keep up with demand as shipping capacity struggles, added Ben Hackett, founder, Hackett Associates, which produces the monthly Global Port Tracker report for the NRF.
more at source: https://chainstoreage.com/supply-chains-struggle-keep-problems-likely-persist

Related Posts

Gannett Announces First Quarter 2023 Results

First Quarter 2023 Financial Highlights: • Total revenues of $668.9 million decreased 10.6% compared to the first quarter of 2022 ◦ Same store revenues(1) decreased 9.3% compared to the first quarter of 2022 • Total digital revenues were $247.5 million or 37.0% of total revenues, down 0.9% over the same period in the prior year on a same store(1) basis primarily as a result of declines in digital media year-over-year • Net income attributable to Gannett of $10.3 million, representing an income margin of 1.5%, improved by $13.3 million versus the net loss attributable to Gannett of $3.0 million in the first quarter of 2022

Latest USPS Report Shows Sustained Service Performance

FY24 second quarter service performance scores covering January 1 through January 19, included: *First-Class Mail: 84.0 percent of First-Class Mail delivered on time against the USPS service standard, a decrease of 1.9 percentage points from the fiscal first quarter. *Marketing Mail: 92.1 percent of Marketing Mail delivered on time against the USPS service standard, a decrease of 1.6 percentage points from the fiscal first quarter. *Periodicals: 80.6 percent of Periodicals delivered on time against the USPS service standard, consistent with performance from the fiscal first quarter.

Grainger Reports Results for the Fourth Quarter and Full Year 2023

Fourth Quarter 2023 Highlights *Delivered sales of $4.0 billion, up 5.1%, or 5.5% on a daily, organic constant currency basis *Achieved reported operating margin of 13.9%, down 40 basis points, or 14.6% on an adjusted basis, up 80 basis points *Announced plans to open a new 1.2 million square-foot distribution center near Houston, Texas in 2026. Full Year 2023 Highlights *Grew sales to $16.5 billion, up 8.2%, or 9.5% on a daily, organic constant currency basis *Realized reported operating margin of 15.6%, up 110 basis points, or 15.7% on an adjusted basis, up 130 basis points
Back To Top
×Close search
Search