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Blog - Retail & Consumer Goods

Latest Posts

Hanjin woes threaten to bankrupt holiday season: What retailers should do to prepare

Hanjin, South Korea’s largest shipping company, filed for bankruptcy on August 31st. It is the largest disruption ever to impact the shipping industry, and puts an extensive number of retailers at risk for fulfillment issues going into the holiday season. The Wall Street Journal estimates Hanjin accounts for seven percent of Asia to US cargo trade, and BBC estimates there are more than 540,000 containers with cargo at sea. The deadlock is such that ports will not allow the containers to dock for fear of not getting paid, and cargo that is docked cannot be claimed until a resolution is reached. Implications are far reaching and present a major headache for retailers going into the most crucial point of the year for sales and revenue expectations.

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