The enormous tensions felt by retailers in the United States, struggling to get inventory on their shelves, took an extraordinary turn with one of the biggest names on the American shopping street deciding to take matters into their own hands.
Home Depot, the largest home improvement retailer in the United States, has chartered a cargo ship to carry its own merchandise.
“We have a ship that will be uniquely ours and it’s just going to be going back and forth with 100% dedicated to Home Depot,” COO Ted Decker said. CNBC. The charter starts from next month.
Home Depot is the third-largest US importer by volume of containers, according to data from the Trade Review, behind Walmart and Target.
Retailers have faced extreme demand, high transportation costs and numerous logistics shortages caused by Covid-19 this year. In addition, peak season is about to start in America. The National Retail Federation bolstered its outlook for the year last week, saying it anticipated “the fastest growth we’ve seen in this country since 1984.”
Retail sales are expected to grow between 10.5% and 13.5% for an estimated total of $ 4.44 billion to $ 4.56 billion in 2021. This compares to $ 4.02 billion in retail sales in 2020 and $ 3.76 billion in 2019.