Home Depot charters in a boxship to manage supply chain woes

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Retailers throughout the U.S. have been grappling with supply chain backlogs, high freight costs and heightened demand for imports, so much so that Home Depot, the third largest U.S. importer by volume of containers, has come up with their own solution. The largest home improvement retailer in the U.S. has chartered in a boxship to move its own goods. In reporting the news, Splash247.com noted that retail sales across the US are expected to grow between 10.5% and 13.5% to an estimated total of $4.44trn to $4.56trn in 2021. That compares with $4.02trn in total retail sales in 2020 and $3.76trn in 2019.

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