US retail inventories hit new heights, and probably caused early transpac peak
In a warning to container shipping lines serving North America that the hitherto strong demand ...
“The pace of change in logistics and technology is faster than ever before.”
So said CEO Nick Beighton as he announced online retailer ASOS’s year-end profit before tax of £32.7m, on revenue of £1.4bn – and a review of its upstream supply chain and US delivery network.
Retail sales at the clothing company, which focuses on millennials, grew 26%, with strong performances in the UK (up 27%), US (+50%) and EU (+28%). Similar growth is expected this year.
ASOS has discontinued its China operation.
Its supply chain operations ...
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