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Supply delays, surging shipping costs hit Cort furniture leasing company

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Containers are transferred from a truck to cargo ship at the international cargo terminal of a port in Hai Phong city on August 12, 2019.

Nhac Nguyen | AFP | Getty Images

Furniture rental company Cort is jumping through hoops to manage supply-chain delays and a sharp rise in shipping costs it began facing last year as the coronavirus pandemic gripped the world.

To avoid the difficulty in finding available shipping containers to lease, it bought 100 so it could get its couches, beds and bar stools to the United States. The company imports from seven countries, but it is adding even more, including Mexico, and sourcing more products domestically.

To bypass the traffic buildup at the Port of…



Source cnbc.com

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