Supply chain faces “perfect storm” — ModernRetail.co

The global supply chain is faced with multiple challenges, all of which could be expensive to manage:

“While there are other means to refill retailers’ inventories quicker, such as air freight and charter ships, they are costly. According to an email to suppliers obtained by Bloomberg News, Abercrombie & Fitch plans to lean on air freight to avoid disruptions. The company utilized the same tactic in 2022 when Vietnam lockdowns disrupted its supply chain operations. In the first quarter of 2022, the company’s freight costs climbed by $80 million from the previous year due to its increased reliance on air freight.“

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