Target Sees ‘Periods of Light Inventory’ Looming From 'Backlog' at West Coast Ports
Though the slowdown at the West Coast ports began several months ago, Target’s Q4 performance “clearly demonstrates that our team was effective in handling this slowdown by rerouting, expediting and preordering inventory to support in-stock,” said Kathee Tesija, Target chief…
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merchandising and supply chain officer, Wednesday on an earnings call. “We were very pleased with last weekend’s news that a tentative agreement had been reached” in the West Coast ports labor dispute (see 1502230029), Tesija said. “But what we know is it will be some time before the backlog at these ports will be fully eliminated.” In the meantime, we have contingency plans to continue to work around potential issues. But at times, we may encounter periods of light inventory in some assortments.”