Costco coronavirus sales win may be followed by supply chain challenges — Panjiva
MENU

Panjiva_research_logo

Costco coronavirus sales win may be followed by supply chain challenges

China 2393 Cons. Discr. - Retailing 249 Coronavirus 256 U.S. 4229

Costco has seen a surge in sales due to customers stockpiling in response to COVID-19 coronavirus worries. Those have added “approximately 3 percentage points” to growth in revenues according to CFO Richard Galanti. That’s challenged the firm’s existing supply chain leading the firm to use “other sources where possible”. Outside coronavirus-linked products the firm is also facing disruptions to its supply chain from China which may take “a few weeks here where it takes time to fill those supply chains”, Galanti stated. China accounted for 61.9% of U.S. seaborne imports linked to Costco i...

Copyright © 2020 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.