Consider how Yeti, the billion-dollar brand of premium coolers and stainless-steel drinkware, is exploring ways to help ensure 2021 inventory targets are met. On a conference call this week, Senior Vice President and CFO Paul Carbone said the Austin, Texas-based company is trying to avoid shipping delays a few different ways:
* Testing alternatives like Houston’s port, which is “right down from our Dallas-Fort Worth distribution center,” he said. “So we’re going to send some ships into there.”
* Using different and faster shipping lanes out of Southeast Asia to cut down on transport time.
* Cross-docking, which means having trucks ready to collect containers straight off the ship rather than having them stored for pickup later.