Please ensure Javascript is enabled for purposes of website accessibility
Home / BetterSMB blog / In the Supply Chain Battle, Small Businesses Are Losing Out to Walmart and Amazon

In the Supply Chain Battle, Small Businesses Are Losing Out to Walmart and Amazon

Independent retailers are getting squeezed out as suppliers, factories and freight companies prioritize national brands. In many cases, they’re losing out to giants like Walmart and Amazon, which are spending millions to charter their own ships and planes to move merchandise. Independent shop owners, who have no such recourse, say they’re often the last in line for products because manufacturers prioritize larger, more lucrative contracts. Even without their own ships, major chains like Walmart — which last year imported 900,000 containers of goods — have long-standing contracts that guarantee low prices for ocean freight. That leaves smaller importers to compete with one another for “spot rates,” which have jumped from $4,000 per container to about $24,000 in the past year.

Source

x

Check Also

Starting a Business with Your 401(k)? Be Careful

From the second half of 2020 through May 2021, the Census Bureau tracked the highest number of applications to form businesses since the records started being kept in 2004, a recent report from the National Bureau of Economic Research found. ...

/* code for tag simpli.fi */