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WALMART CHARTERING SHIPS

“Walmart is chartering ships to ensure it has enough freight capacity to meet demand for peak season, executives said on the company's earnings call Tuesday. The decision came amid a lack of capacity in the ocean shipping market. The retailer's out-of-stock levels are higher than normal due to high sales levels and supply chain constraints, CFO Brett Biggs said, without outlining what normal levels look like for the retailer. Walmart's suppliers are also adding longer lead times to their orders to help Walmart to better plan its inventory, Biggs said.”

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