Home Depot has contracted its own container ship as one step toward managing its supply chain crisis.
“We have a ship that’s solely going to be ours and it’s just going to go back and forth with 100 percent dedicated to Home Depot,” president and COO Ted Decker told CNBC. Other measures being taken by Home Depot include air freighting “smaller, higher value items” such as power tools and purchasing items on the spot market, despite costs up to four times that of contracted rates.
