Executive Briefings

Peak Season Impact of Hanjin Shutdown Remains Unclear

More than a month after major Korean freighter line Hanjin shut down due to financial issues, the effects are still being felt by retailers in terms of shipment delays from Asia.

Peak Season Impact of Hanjin Shutdown Remains Unclear

It remains unclear what impact it will have on the peak holiday season starting on Cyber Weekend.

Retailer JC Penney may be hit particularly hard, according to a report in Investopedia. The company has been seeing success selling products from Ashley Furniture, but Ashley has about 700 containers stranded on Hanjin ships. It's not known how many of those containers are carrying furniture bound for JC Penney heading into the holiday season.

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It remains unclear what impact it will have on the peak holiday season starting on Cyber Weekend.

Retailer JC Penney may be hit particularly hard, according to a report in Investopedia. The company has been seeing success selling products from Ashley Furniture, but Ashley has about 700 containers stranded on Hanjin ships. It's not known how many of those containers are carrying furniture bound for JC Penney heading into the holiday season.

Read Full Article

Peak Season Impact of Hanjin Shutdown Remains Unclear