While the rebound in the global economy continued into Q2, it came with higher prices, supply chain issues and capacity constraints. Oil, metals, wood and other inputs also saw considerable spikes and the cost to transport a container from Asia more than tripled on some routes.
Below are some highlights from CBX Software’s Q2 2021 Retail Sourcing Report.
It looks like the effects of Covid will continue long term, resulting in shifting market and consumer behavior, higher costs and greater volatility in global supply chains in the near term.
Download the Q2 2021 Retail Sourcing Report by filling this form:
The Sourcing Report aims to keep you ahead of the curve by providing facts, insight and analysis on issues impacting retail global sourcing.