The Store Room
The honest Rantings and ravings Blog
Its been six months now since brexit added to the problems of covid and world wide stock . Today we face a new challenge from our suppliers.
Given the global shortage of transport containers and massive hikes in costs from roughly 2000 euros to 14000 euros per container being shipped two new things are happening in the background for businesses . This will affect all products accross every industry for the foreseable future , stock shortage will be the new norm as wholesale companies struggle to get stock , at competitive prices and in large quantities to forward supply to their own customers , the shops who sell on to the end customer
Covid created a gap in the process , the companies creating shipping containers closed , the manufacturing companies shipped out on hand stock in the remaining containers and then also stopped production . The containers themselves are not viable price wise to ship back to asia and india empty to refill so are not being re used , and now the companies making the containers have hiked prices due to massive demands , and shipping costs have risen very sharply due to less available containers being shipped
Adding the Suez Container ship crisis delays also has not helped the global situation . The costs of all imported items is set to rise sharply this year and can already be seen in the past few months with some products rising in cost to almost 200% of january pricing , other items are available to order but with 3-6 month wait times
We are currently looking into ways to avoid this situation by looking at irish suppliers and manufacturers but with raw materials being scarce because of the shipping situation thats also proving difficult.