How bad are supply chains? Costco is renting ships
London (CNN Business)Costco (COST ) , home of the ultimate big box store, is not mincing words about what it's like to run a consumer business in the middle of a pandemic.
A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here.London (CNN Business)Costco (COST ) , home of the ultimate big box store, is not mincing words about what it's like to run a consumer business in the middle of a pandemic."Inflationary factors abound: higher labor costs, higher freight costs, higher transportation demand, along with container shortages and port delays, increased demand in certain product categories, various shortages of everything from computer chips to oils and chemicals, higher commodities prices," Chief Financial Officer Richard Galanti told analysts after markets closed Thursday. "It's a lot of fun right now."Sure, "fun" is one word for it. S
A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here.
