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COSTCO Charters Three Ships Amid Supply Crunch

Retailers are going one more step ahead to main their supply chain post covid times. As we know that earlier retail giant like Walmart, Ikea etc chartered ships for their supply, now news is that COSTCO has hired around 3 ships of around 1000 TEU capacity each to move the supplies faster from ASIA to America.

The longer time now it takes to reach shipment has forced this retail giant to rent several thousand containers as well by which they are planning to move around 20% of their supplies. The festive season is coming near, everybody wants their shipments to arrive on time.

MG Staff
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