Port congestion and sky-rocketing freight rates hit Barbie
The explosion in freight rates and historic shortage of capacity have a notable impact on global toy companies Mattel and Hasbro, the manufacturers of Barbie and Peppa Pig. Price increases and new production set-ups are among the responses.
BY LONE ANDERSEN, LEONORA BECK and SHIPPINGWATCH
Virtually every global company is experiencing a painful whiplash from the increasing freight rates this year. The entire transport market is marked by an explosion in transport expenses and a significant shortage of capacity.
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