Monday, November 29, 2021

Walmart charters ships in run-up to Christmas

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Retailer takes matters into its own hands to ensure supply over peak season.

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American retail giant Walmart has decided that the best way to secure its supply chain is to charter its own fleet of ships. The decision follows a similar move by Home Depot last year as retailers try to ensure a steady supply of goods.

Walmart’s CEO, John Furner, revealed: “We’ve chartered vessels … we’ve secured capacity for the third and fourth quarter and feel good about the inventory positioning particularly compared to last year with inventory up 20% across the segments.”

Walmart has already completed two voyages using ships carrying Walmart-branded 53ft containers. The first delivery was 177 containers and the second 247.

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