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Or will lose 0.65 billion! North American retail giant announces withdrawal from chartered ships!

Dec 14,2022

Due to the second half of 2021 the global shipping market capacity is seriously tight, logistics supply chain from time to time interruption, European and American retail giants (Wal-Mart, Home Depot, IKEA, etc.) have spent a lot of money to build cabinets, charter ships to open routes, a time retail giants container self-operated routes become popular!

Entering 2022, the supply chain market has changed suddenly, the capacity has rapidly changed from short supply to oversupply, and the market freight has plummeted by 89%, making many established shipping companies shout too much!

This week, North America's well-known retail giant Costco (Costco) officially announced the complete abandonment of the container route self-operated strategy!

It is reported that Costco (Costco) has signed up as many as seven ships and a large number of containers at a high price in the market. After Costco (Costco) abandons container self-operated shipping, the possible loss due to lease withdrawal will be as high as 93 million US dollars (about 0.65 billion RMB). However, after comprehensive evaluation, Costco (Costco) would rather lose a lot than leave the market!

According to related reports, as early as March 15 this year (2022), Costco Chief Financial Officer Richard Galanti also said optimistically at the second quarter call earnings conference, "In the next three years, Costco will lease a total of seven ocean-going ships, and the company announced the lease of three in 2021. These ships will provide Costco with about 1/4 of its annual trans-Pacific demand for shipping containers between Asia, the United States and Canada."

Galanti said at the time that the move would give Costco "additional supply chain flexibility".

However, at this time and that time, who would have thought that the sea freight of more than US $10,000 at the beginning of the year would now fall to more than US $1,000.

Overseas cold medicine was robbed and the whole city was out of stock! A large number of Chinese buy medicine to send home, be careful may be contraband!

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