CEO Doug McMillon said consumers briefly returned to the stock-up behaviors they displayed early in the pandemic, as COVID-19 cases spiked in pockets of the country.
Roughly one year after JD Logistics broke even, executives reported record sales volumes have improved efficiency and the service is now turning a profit.
Empty container returns to Asia from the Port of Los Angeles were on par with 2019 levels, signaling an expected uptick in trade flows on the Transpacific.
The labeling switch does not impact a product’s tariff designation, but analysts said the “Made in China” label could have a negative effect on brand perception.
The ability to remain nimble and react to unforeseen changes across the value chain has proven more beneficial than scenario planning or forecasting for many businesses.