Levi Profits Skyrocket 198% As Denim Trend Continues To Evolve forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Published June 9, 2021 Jeff Topping via Getty Images
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Dive Brief:
Supply chain issues in Q1 led brands including Levi Strauss, Lands End and PVH to increase their reliance on expedited freight to ensure products are in stock, according to recent earnings calls. We have had to increase our airfreight, said Levi Strauss Executive Vice President and CFO Harmit Singh. Lands End President and CFO James Gooch struck a similar tone. We are certainly seeing challenges like everybody else, Gooch said, adding that expediting shipments was adding a little bit of cost.
PVH, which operates brands including Tommy Hilfiger and Calvin Klein, incorporated added airfreight costs into its 2021 outlook for investors. The outlook anticipates inventory delays may last between four to six weeks and will result in a need to expedite goods to maintain our sales plan in the second half of the year, according to Mike Sh
Just as soldiers are known by the things that they carry, so, too, are corporate finance professionals known by the metrics that they wield and at Levi’s, these measures are increasingly consumer-focused.
By Jaclyn Jaeger2021-04-27T15:25:00+01:00
A month has gone by since the Ever Given the 1,300-foot cargo ship that ran aground and blocked for nearly a week one of the busiest waterways in the world was freed. But for many industries, the ripple effects will continue to batter global supply chains for weeks to come, absent having in place a sound supply chain risk management program.
On March 23, the Ever Given became horizontally wedged in Egypt’s Suez Canal before being dislodged six days later. According to tracking data from Lloyd’s List Intelligence, 372 vessels were stalled waiting to transit the canal.