December 3, 2021
Hanesbrands CEO warns supply chain issues could persist for months

Hanesbrands CEO warns supply chain issues could persist for months

Supply chain backlogs are inflicting large delays heading into the vacation season, and Hanesbrands CEO Steven Bratspies predicts it is going to be months, not weeks, earlier than any important enhancements are seen.

The supply chain drawback, as Bratspies defined Monday on “Cavuto: Coast to Coast,” goes far past only a scarcity of truck drivers.

SUPPLY CHAIN EXPERTS WEIGH IN ON CAUSES, SOLUTIONS FOR BACKLOG

“It’s a little bit of everything. Trucking is a problem, rail is a problem, unloading at the ports is a problem,” he informed FOX Enterprise’ Neil Cavuto.

“Labor at our own facilities is a challenge, so every step of the way is not is not optimal right now.”

MORE COMPANIES HIKING PRICES AS INFLATION, SUPPLY CHAIN WOES CONTINUE

The issues with the supply chain finally end in retailers being unable to adequately inventory cabinets.

Bratspies defined to the FOX Enterprise host that shopper demand is larger than he’s seen in fairly some time, which he believes can be contributing to the backlogs.

“I think the economy does have a lot to do with it, I mean, we are seeing unprecedented consumer demand this year,” he stated. “And there’s no doubt that that’s having a huge part of it, just being asked to move more product than we’ve ever been.”

Whereas Hanesbrands is in a lucky place to have ample stock, Bratspies famous that his receiving facility at a distribution heart in California is receiving roughly one-third of the standard quantity of containers. 

“That’s a facility that on a normal time would be receiving 20 to 30 containers a night. And right now it’s getting eight to 10. It’s getting a little better, but we are still just not receiving that product in as fast as we would like.”

He believes Individuals gained’t see an answer to the supply chain issues and the matter of getting product on retailer cabinets within the rapid future.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

“The challenge for us is, how do we get it in the right place at the right time? And unfortunately, I think that’s going to be months, not weeks, before we see any real significant improvement,” he warned.

“Every micro-step along the way is a challenge right now in the supply chain.”

Source link