Heard on the Street: Supply-chain challenges have pushed up the price of transporting goods from the factory floor to shelves, but companies will feel varying degrees of pain
No matter the mode of transport, moving goods from A to B has become more expensive. The quirks of consumer companies’ supply chains mean they won’t all be equally hit.
Demand for consumer products has been unusually strong since countries began to reopen their economies. This has put pressure on global transport routes and increased the cost of logistics. In the first quarter of 2020, a company could ship goods by sea for $1,600 per 40-foot equivalent unit, or roughly one large shipping container. By September 2021, the bill had climbed to $10,200, Bernstein analysis shows.
Air and road travel is also pricier. as there are fewer jets in the skies and transport firms are struggling to hire drivers. Europe is short of approximately 400,000 truckers, according to Transport Intelligence estimates. A similar shortage in the U.S. pushed spot rates for dry trucks up 13% on the year by the third quarter., which can represent anywhere from 5% to 10% of consumer companies’ revenue in a normal year, will be felt differently by brands.
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