Finance chiefs in the retail sector are paying up to ship goods by air instead of by ocean as they try to meet strong consumer demand amid ongoing production delays.
Backlogs at global shipping ports and local lockdown measures in countries such as Vietnam, where the Delta-variant is surging, are forcing retail executives to expedite shipments originally slated for ocean cargo. Those alternative modes of transport come at a higher cost, exacerbating inflationary pressures that finance executives are confronting elsewhere in their business.
