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Article | What I learned in Supply Chain

Import headlines

August 31st, 2021
5 minute read

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Every week, Mercado CEO Rob Garrison pens his latest learnings from the supply chain industry as part of an on-going series. Each article aims to share a little insight into what's going on that week, and to help foster discussion amongst industry professionals across levels, geographies, and companies.
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With the holidays approaching, CEO’s are discussing the challenges they are facing in this historically difficult time in the international supply chain.
Dollar Tree's CEO Michael Witynski told analysts that the retailer is especially sensitive to rising chaos in the world of international freight.

Nordstrom CEO Erik Nordstrom said, “It’s been difficult to plan inventory flow with much precision. We have seen real lumpiness from the global supply chain that has led to some sort of shortages and more so just unevenness. We do not expect those conditions to change anytime soon, so it’s really on us to find ways of mitigating that.”

Steve Madden CEO Edward Rosenfeld said in an earnings call last month, "In terms of the supply chain...we could talk about this all day. There are challenges throughout the globe. There is port congestion, both in the US and China. There are Covid outbreaks at factories. There are challenges getting containers. We could go on and on."

"It’s been difficult to plan inventory flow with much precision. We have seen real lumpiness from the global supply chain that has led to some sort of shortages...We do not expect those conditions to change anytime soon."
Mercado Labs | Insights - Erik Nordstrom
Erik Nordstrom
Nordstrom CEO

Adidas CEO Kasper Rorsted said the sportswear company will be unable to fully meet the "strong demand" for its products in the second half of the year due to the shutdowns, despite switching production to other regions.

Crocs CEO Andrew Rees said transit times from Asia to most of the company's leading markets are approximately double what they were historically. "That's been the case for some time, and we're expecting [to] live with that," he told investors last month.

Hasbro CFO Deborah Thomas said that for consumers, the supply chain crunch is likely to mean higher prices. Thomas said the company, for example, is increasing prices to offset rising freight and commodities costs. The company is projecting that its ocean freight expenses will be on average 4 four times higher this year than last.

About the author(s)
Mercado Labs | Rob Garrison, CEO & Founder
Rob Garrison
CEO, Mercado Labs
LinkedIn

About the Series

Each week, Mercado CEO Rob Garrison pens his latest learnings from the supply chain industry as part of a series run for his LinkedIn followers. Each article aims to share a little insight into what's going on that week and to help foster discussion amongst industry professionals across levels, geographies, and companies.

You can connect with Rob on LinkedIn by following this link.
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Mercado | Bring Order to your Imports
                                               
© Mercado Labs Inc.
From us to you...

Thank you for using Mercado. Our goal is to empower businesses to better navigate the complex world of importing. We know data security is of paramount importance, so we place high standards on ensuring it is safely and respectfully secured. We are committed to following and continuously evolving best practices to support this principle. Your data is yours, and we guard it closely. We do not sell any of your information, and we will always be fully transparent on how we collect and use your data. That's a promise.