Saturday, November 27, 2021

Supply Chain Crisis: Beanie Babies Airlifted From Chinese Factories to Chicago Amid Holiday Crunch

The heart wants what the heart wants 

From Yahoo Finance, November 15:

Supply chain constraints won't keep Beanie Babies from reaching American homes this holiday season.

Chicago billionaire Ty Warner, who manufactures Beanie Babies in China, said he has booked more than 150 cargo flights in Shenzhen, Guangzhou, Shanghai, and Hong Kong since October to airlift the toys more than 6,000 miles to Chicago, according to a press release, circumventing backlogged ports and other supply chain issues.

"Christmas is not cancelled," Warner, who launched the private company Ty Inc. out of his home in 1986, said in the press release.

After the Beanie Babies land at Chicago O'Hare Airport, the stuffed animals will be sent to Ty Inc.'s warehouse in suburban Chicago to be distributed to retailers across America.

Each cargo flight can cost up to $1.5 to $2 million, according to the company. Despite the additional cost, Ty hasn't raised prices on its products....

....MUCH MORE