'Virtually all departments are impacted,' the CFO says.
This is happening, he notes, despite the company chartering seven cargo ships to import items—up from. Galanti says the company will use them for the next three years between Asia, Canada, and the U.S."With these additions, about a quarter of our annual transpacific containers and shipment needs are being accommodated this way, which gives us additional supply chain flexibility," Galanti said. Each ship can hold between 800 and 1,000 containers.
Still, Galanti suggested another strategy is to order items well in advance when possible—since delays were an average of 51 days, but as high as 18 weeks in some cases in 2021.Despite these delays, Costco's sales in the last few months have gone up, and Galanti reiterated that shelves are staying full. Then again, members should not be surprised if some items have less supply and shelves are stocked with other things to fill the space.
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