US News

U.S., European suppliers scramble to secure Christmas goods as cargo delays worsen

Published by
Reuters

By Lisa Baertlein and Jonathan Saul LOS ANGELES/LONDON (Reuters) – Suppliers to Walmart, Target, Amazon.com and other major retailers told Reuters they are placing holiday orders for Chinese-made merchandise weeks earlier this year, as a global shipping backlog threatens to leave many gift buyers empty-handed this Christmas shopping season. Reuters surveyed nearly a dozen suppliers and retailers of everything from toys to computer equipment in the United States and Europe. All expect weeks-long delays in holiday inventory due to shipping bottlenecks, including a global container shortage and t…

Read More

Facebook Comments

Check Also

Amazon hit with record EU data privacy fine

Published by Reuters (Reuters) -Amazon.com Inc has been ...

Archives