Nebraska Furniture Mart Chairman Irv Blumkin says the price of one shipping container has jumped over the past six months to $10,000 from $3,500. Short on containers, his suppliers abroad are out of storage and halting production, exacerbating Blumkin’s order backlogs that are six times as long as they were a few months ago. Broadly, Blumkin says his vendors for all manner of goods and services have increased prices multiple times over the past three months, each ranging from 3% to 8%.
“Is this temporary? I would hope it’s...
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May 15, 2021 at 04:56AM
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Inflation Is Here and Hotter Than It Looks. What It Means For You. - Barron's
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