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Major Retailers Hire Private Ships To Combat Supply Crisis
- Reuters, Tuesday, October 12, 2021 6:31 PM
Walmart and other big retail players, such as Target, Home Depot, Costco and Dollar Tree, are chartering ships to deal with the pandemic-driven slowdown of sea networks that handle 90% of the world's trade. “U.S. retailers' traditional lifeline from Asia is freezing up due to a resurgence of COVID-19 in countries like Vietnam and Indonesia plus a power-supply crunch in China,” per Reuters.
