49 days ago • Posted by William Ramstein
Home Depot struggles to keep up with demand and rising prices.
Retailers like Home Depot, Walmart and Amazon.com got a boost when shoppers redirected travel and entertainment spending due to the COVID-19 pandemic. Now they must quickly replenish supplies to sate consumer demand. Like other U.S. importers, they are rushing in products from China, Vietnam and other Asian countries - swamping U.S. seaports and spawning delays and disruptions that ripple across the globe. Home Depot struggled to keep enough products on shelves during the fourth quarter, when strong sales required it to bring in more inventory than a year earlier. Source: Yahoo