‘Chicken-and-egg effect’ adding pressure on already stressed US importers

The financial cost to major shippers of the twin supply chain challenges of container shortages and port congestion are becoming increasingly apparent as BCOs begin to report quarterly figures.
On Friday, US footwear and apparel giant Nike released its third-quarter results – covering its operating performance from December to the end of February – which revealed quarterly revenue in North America down 11% year on year.
This was a result of “container …

The post ‘Chicken-and-egg effect’ adding pressure on already stressed US importers appeared first on The Loadstar.

Source: The Loadstar

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