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Sen. Warren Calls Out Ocean Carriers for ‘Driving Inflation’ Through High Profits

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

Sen. Elizabeth Warren (D-Mass.) sent a letter to the nine shipping companies that comprise the three major ocean carrier alliances, expressing concern that the companies are exploiting antitrust exemptions and driving up prices. In the letter, Warren called out the companies for what she claimed were exacerbated shipping cost increases and supply chain problems, hurting…

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