Headlines ‘Shippageddon’ to Hit Retail Brands Once Again Supply-chain pressures ramping up as the holiday season approaches. Published 5 months ago on September 9, 2021 By INSTORE Staff Share Tweet The supply-chain problems that arose from the pandemic – causing brands and retailers to be understocked and otherwise inhibit their ability to meet customer demand – are still unsolved, forcing them to brace for round two of “Shippageddon,” Forbes writes. For starters, the price of shipping containers has skyrocketed in 2021, and costs are expected to continue rising. Salesforce is predicting that companies will spend even more on ocean freight in the second half of the year than they did for the second half of 2020. The article also says UPS will impose surcharges on the largest shippers, on account of delivery demand exceeding capacity to the tune of 5 million packages per day. Likewise, the U.S. Postal Service is seeking a peak-season rate increase for brands and retailers. Then there’s Amazon and the changes the company has made in 2021, including new limitations on inventory storage. These moves have made it more difficult for sellers to gauge how much inventory they have and keep from going out-of-stock. The article highlights ways in which companies are trying to work out the kinks in their supply chains, but for the most part, “it will be another year of simply muddling through the fourth quarter.” Read more at Forbes. Advertisement Related Topics: EconomyLatest News TopShippageddonSupply Chain click to Comment(Comment) Up Next Presidential Granddaughter Naomi Biden to Wed — See Her Engagement Ring! Don't Miss 6th Suspect Arrested in $135M Theft of Royal Jewels from Green Vault Museum in Germany INSTORE Staff Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at [email protected]. Advertisement SPONSORED VIDEO Thinking of Liquidating? Think: Wilkerson When Peter Reines, owner of Reines Jewelers in Charlottesville, VA, decided it was time to turn over the “reins” of his 45-year-old business to Jessica and Kevin Rogers, he chose Wilkerson to run his liquidation sale. It was, he says, the best way to maximize the return on his decades-long investment in fine jewelry. Now, with new owners at the helm, Reines can relax knowing that the sale was a success, and his new life is financially secure. And he’s glad he partnered with Wilkerson for this once-in-a-lifetime opportunity. “There’s just no way one person or company could run a sale the way we did,” he says. You may like Promoted Headlines Thinking of Liquidating? Think: Wilkerson Wilkerson Consolidating Stores? Time to Call the Experts! Wilkerson It’s Going to Set Us Up Very Nicely for Retirement Wilkerson Advertisement Latest Trending Videos Press Releases1 day ago SJTA Announces 2022 Board of Directors Columns1 day ago Here’s Why You Should Consider Hiring a Business Coach Cover Stories1 day ago 23 Ways to Do More in Your Business by Doing Less Benchmarks3 days ago These Jewelry Retailers Grab Shoppers’ Interest with Inventive Displays Headlines3 days ago $8.7M in Fake Jewelry Seized in Cincinnati and Indianapolis Best of The Best1 week ago Louisiana Jeweler To Launch Diamonds into Space Jimmy Degroot1 week ago Video: Fix the ‘Glitches’ in Your Jewelry Business Jimmy Degroot1 month ago Video: Everyone in Your Jewelry Store Can Get Along. Here’s How. Sponsored Webinars2 months ago Podium Presents: SMS Marketing 101 for Jewelry Retailers Advertisement SubscribeBULLETINS INSTORE helps you become a better jeweler with the biggest daily news headlines and useful tips. (Mailed 5x per week.) Latest Comments Most Popular Benchmarks3 days ago These Jewelry Retailers Grab Shoppers’ Interest with Inventive Displays Headlines3 days ago $8.7M in Fake Jewelry Seized in Cincinnati and Indianapolis Best of The Best1 week ago Louisiana Jeweler To Launch Diamonds into Space Celebrity Jewelry5 days ago The ’60s Make a Comeback in Jewelry and Fashion Benchmarks3 days ago 11 Intriguing Examples of Jewelry Store Window Displays Hot Sellers5 days ago 90 Percent of Surveyed Jewelers Reported Growth in December. Here’s What They Sold Cover Stories1 day ago 23 Ways to Do More in Your Business by Doing Less Celebrity Jewelry3 days ago Judge the Jewels: Were Pharrell’s Diamond Tiffany & Co. Sunglasses Inspired by a Famous Antique?