Slatwall, Gridwall & Today's Retail Store Fixtures |
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Freight and Delivery Costs for Store Fixtures Are Continuing to Rise
Posted July 16, 2021
As Covid-19 pandemic restrictions continue to ease and global economies begin to recover, prices on many goods and services are rising.
At the gas station, the national gas price average has increased 40% since the beginning of the year.
These increases in fuel prices contribute to higher prices on nearly everything consumers purchase.
Global Bank ING cites
5 reasons global shipping costs will continue to rise
in their recent article about worldwide increases in freight costs.
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A recent
Bloomberg news article
outlines their prediction that higher shipping costs are "here to stay".
Higher costs for ocean freight have lead to higher prices for everything from store fixtures to auto parts. Some sources are citing a staggering 500% increase in ocean freight container rates from China to Europe,
reaching an all time high. Additionally prices of raw materials, such as steel used in gridwall and racks, and wood used in slatwall panels and fixtures, have also increased.
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