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Retailers get creative in supply chain crunch ahead of peak holiday demand
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Retailers are using different mitigation strategies to try and address ongoing supply chain disruptions and port congestion issues that have been further exacerbated by the delta variant of the coronavirus, according to an industry expert.
Right now, everyone is facing similar challenges throughout the entire supply chain, not just with the products themselves but with the services that are needed to get the products to the customers, Jon Gold, vice president of supply chain and customs policy at the National Retail Federation, told FOX Business.
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"Demand is outpacing supply, not just for products, but for equipment such as empty containers and available space on ocean carriers," Gold said.
There are also congestion issues impacting vessels at seaports, as well as "intermodal rail moves, with cargo now sitting longer than normal." Intermodel rail refers to moving freight by railroad and by truck.
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