Bassett Furniture Industries Faces Increased Transport and Material Costs
Bassett Furniture Industries is experiencing higher transport and material costs due to its captive freight relationship with J.B. Hunt Transport Services and volatile diesel prices. The company plans to pass these increased expenses on to customers. The impact of the Iran war on oil transport has not significantly affected Bassett's supply chain, though other industries are feeling ripple effects.
Topics: fuel prices geopolitical impact material costs supply chain disruptions transport costs