'The holiday season is here, and we're ready,' Walmart's CEO said.
"The holiday season is here, and we're ready," said Walmart CEO Doug McMillon."We continue to have momentum. Sales were strong throughout the third quarter and we've seen a good start to the fourth quarter."
"We're adding more than 30,000 permanent positions across our supply chain network to support the growth we expect to continue delivering in the fourth quarter and beyond," said Brian Cornell, chairman and CEO of Target."The team continues to work around significant port delays, diverting shipments to less-congested entry points and relying on airfreight in certain cases."A sign is posted in front of a Walmart store on Nov. 16, 2021, in American Canyon, Calif.
"I think that just with all the disruption that we've had, we've realized how quickly we can pivot and come up with new solutions. Sometimes those new solutions are expensive," said Brandon Isner, head of retail research at CBRE, an American commercial real estate services and investment firm."It's true that bigger, mass-market retailers, they're using their clout with carriers and suppliers to acquire as much product as possible in advance of the holiday season.
Higher prices due to inflation may seem like an unlikely savior in fixing supply chain issues, but the rising costs present challenges as well.
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