How bad are supply chains? Costco is renting ships #Business

Delays and shipping woes abound around the globe. Costco has gone as far as to rent a fleet of its own ships to meet their needs. Other big companies may be following their lead. Reported by CNN:

The situation is so severe that bigger companies are attempting to take matters into their own hands (smaller businesses, meanwhile, don’t have that luxury). Costco, which has leased several thousand containers to use on its chartered ships, said its fleet will make about 10 deliveries during 2022.

The new playbook: Costco’s strategy is spreading across the industry. Furniture giant Ikea has bought its own shipping containers to try to ease some logistical headaches. Walmart (WMT) has also chartered vessels to make sure it has enough stock for this year’s holiday season.

Read more!


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