The COVID-19 winners are still leading the pack in corporate Australia. They are enjoying strong profit growth as the stay-at-home market picks up momentum.
The shipping channels that allow consumers to shop for goods online are increasingly unreliable as a result of the COVID-19 scare.
China is taking a tougher stance on COVID-19 infections, which have crippled its shipping schedules.
The cost of transporting a 40-foot container has increased significantly in the past year due to the growing number of delta strains in Chinese ports.
Due to the rise in the cost of packaging, many companies are working to minimize delays and limit the impact on their customers.
In response to the prolonged shortages, many retailers have increased their warehouses’ inventory levels. If the demand for their products continues to decline, they may be caught with too much product.
Due to the unprecedented demand for consumer goods, the inventory levels at some retailers have reached historic highs. This is a defence mechanism against supply chain delays and shortages.
Company bosses say it’s better to be overstocked than to wait for demand to increase as consumers remain unable to travel due to the global trade war.
The rise in international shipping rates has caused many factories to close or scale back production due to the pandemic’s spread.
The closure of the Yantian port in China due to an outbreak of COVID-19 has affected global shipping capacity.
Stores like The Iconic have increased their stock holdings in preperation for Christmas demand. Use a The Iconic discount code to save on your purchase at The Iconic.
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