This website uses cookies to improve your experience. By viewing our content, you are accepting the use of cookies. To find out more and change your cookie settings, please view our Privacy Policy.
That record-breaking container ship backlog at U.S. ports is slowing everything down just in time for the holidays. For many in the consumer goods business, it’s a nightmare. For others, it looks like a big opportunity.
Think about a tinsel Christmas tree that might be sitting on a shipping container right now.
“Hopefully, that Christmas tree makes its way in a timely manner through the retailer supply chain and is on a store shelf in time for the holidays,” said Jeff Rechtzigel, a general manager at Liquidity Services.
This year, however, with ships waiting more than a week on the water and warehouse space at capacity, “sometimes, that Christmas tree may get to the store too late,” said Rechtzigel, who helps send those extra trees to discount stores, even in January.
Within the last few months, Big Lots, Channel Control Merchants, and American Freight have each announced bankruptcy. The immediate future looks different for each of these organizations, and while these developments were somewhat expected to those in the know, they’re…