Home Economy Dollar Tree bemoans a chart freighter delay because of a COVID-19 case

Dollar Tree bemoans a chart freighter delay because of a COVID-19 case

0

Shipping costs and lag times are wreaking havoc on profit margins at Dollar Tree Inc., which relies on a steady volume of cheap goods to make money at low prices.

A global rebound in consumer demand for all sorts of goods is putting strain on shipping networks and ports. And new surges in COVID-19 cases have caused some ports to close or slow down entry. Transit times are about 30 days longer than in recent years, Dollar Tree said Thursday, citing freight industry contacts. That’s tough for a company that brings in almost 90,000 40-foot containers a…

Click here for full article…www.digitalcommerce360.com