FASHION retailer urban Outfitters is turning to air freight amid ocean supply chain disruptions as a way to keep products on shelves in Europe and the US, reports London's Air Cargo News.
The company is experiencing difficulty getting products from Vietnam as it is under strict lockdown due to Covid. Under the measures, troops keep people in their homes.
In addition, ocean freight supply chains continue to be affected by severe delays and soaring rates.
'We are bringing most of our product out by air to try to offset the port congestions and the shipping charges on ocean and the lack of containers. So that's all going to impact margins,' said Urban Outfitters CEO Richard Hayne.
'But we believe that bringing the inventory in as quickly as we can is the most prudent thing to do right now,' he said.
'I am sure other people have the exact same situation where the country is completely closed. We have a lot of product there and we're trying to get it in.
'Currently, we are trying to bring inventory in earlier, and I would say, earlier is anywhere between a few weeks to up to six weeks, and we have to do that because there's so much uncertainty out there,' Mr Hayne said.
SeaNews Turkey
The company is experiencing difficulty getting products from Vietnam as it is under strict lockdown due to Covid. Under the measures, troops keep people in their homes.
In addition, ocean freight supply chains continue to be affected by severe delays and soaring rates.
'We are bringing most of our product out by air to try to offset the port congestions and the shipping charges on ocean and the lack of containers. So that's all going to impact margins,' said Urban Outfitters CEO Richard Hayne.
'But we believe that bringing the inventory in as quickly as we can is the most prudent thing to do right now,' he said.
'I am sure other people have the exact same situation where the country is completely closed. We have a lot of product there and we're trying to get it in.
'Currently, we are trying to bring inventory in earlier, and I would say, earlier is anywhere between a few weeks to up to six weeks, and we have to do that because there's so much uncertainty out there,' Mr Hayne said.
SeaNews Turkey
