CNBC: Reddit pops 48% in NYSE debut
CNBC reports: Reddit shares jumped 48% in their debut on Thursday in the first initial public ...
CNBC reports:
– Home Depot has reserved its own ship, bought merchandise on the spot market and flown in power tools as it copes with supply chain headaches.
– The pandemic has created complexities that have ricocheted across the globe, from congested ports to soaring consumer demand.
– One of the most recent challenges is a Covid-19 outbreak in southern China.
Home Depot is one of the largest importers in the country. Yet with congested ports, container shortages and Covid-19 outbreaks slowing shipments, the company made a decision: It was time to get its own boat.
“We have a ship that’s solely going to be ours and it’s just going to go back and forth with 100% dedicated to Home Depot,” Chief Operating Officer Ted Decker said in an interview. It marks the first time that the company has taken such a step.
Decker said the contracted ship, which will begin running next month, is just one example of the unusual measures that the company is taking as it copes with challenges that have ricocheted across the global supply chain.
On rare occasions, Home Depot has also flown in power tools, faucets, electrical components…
To read the full story, please click here.
'Mass-casualty incident' as Maersk box ship destroys Baltimore bridge
Shock for CMA CGM as a deputy CEO decides to quit
Diversions from Red Sea proving a real ‘silver lining’ for carriers
Could the Dali have suffered a power loss before bridge crash?
Asia-Europe carriers revise FAK rates in fight to rein in revenue erosion
Strike paralysing Finnish ports extended after talks collapse
Dali cargo owners face massive costs if general average is declared
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article