Reuters
U.S. retailers are enjoying lower rates to import goods from foreign markets that enter through the nation’s ports. Carriers like Maersk and MSC, however, are canceling voyages to drive prices back up. The Port of Los Angeles reported 17 canceled voyages in January, with more to come. “If [carriers] keep bumping containers, we could end up missing Christmas,” said Isaac Larian, CEO of MGA Entertainment.
Discussions
Check out RetailWire’s Engaging Online Discussions Featuring Our Exclusive Braintrust!
©2023 RetailWire. All rights reserved.