A perfect storm of events around the globe is leading to snarled shipping lanes on the high seas — and could mean coal in the stocking this Christmas.
Pandemic lockdowns, followed by a burst of demand once things have opened up — along with labor shortages and extreme weather events — have all combined to wallop the global supply lines of everything from food and fashion to drinks and diapers.
Some retailers are looking to take matters into their own hands.
Craft retailer Jo-Ann Stores is floating a plan to lower its astronomical shipping costs by looking into buying its own ship, The Post has learned. A container full of goods now costs the retailer around $30,000 to ship from Asia — compared to $3,000 before the pandemic, CEO Wade Miquelon told The Post.
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