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-May 15, 2008 |
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The
Numbers Worth Knowing this Week in Supply
Chain and Logistics |
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This Week: Shipping Container Shortage Uncontained; The Pennies Add Up; New Product Safety Requirements Increase Toy Manufacturing Costs; Steel Yourself for the Steep Rise in the Cost of Steel
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5-7%
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Estimate of the increase in manufacturing costs for toy manufacturers meeting new product safety requirements being mandated recently by Wal-Mart and previously by other retailers. The new retailer standards come after several high profile toy recalls, growing consumer group concern, and lawsuits over lead paint and use of other chemicals in toys.
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40-50%
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Rise in steel prices since December, in part the result of even greater increases in key raw materials such as iron ore and coke.
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The approximate cost to the US trucking industry (and ultimately to shippers) for every penny rise in the price of diesel fuel.
