Are Retailers That Charter Their Own Cargo Ships a Better Buy Right Now?
Amid the supply chain crunch, individual major retail companies are taking previously unheard-of measures to bring products to the U.S. from overseas factories. According to reports from Reuters and other news sources, several big retailers, including Walmart (NYSE: WMT), The Home Depot (NYSE: HD), Target (NYSE: TGT), and privately held Ikea, are now chartering cargo ships to create their own supply chain.
Is this strategy worth looking at as part of assessing a company's investment worthiness? Here's a brief overview of why it could be bullish, though not necessarily a long-term solution.
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Source Fool.com
