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Shipping costs are biting for Sanford

Staff reporters
Tue, 31 Aug 2021

Increased costs and delays shipping frozen seafood products to key markets such as the US and Asia are taking a bite out of Sanford’s bottom line. Total supply chain costs are up $5 million in the 10 months to the end of July versus the same period a year earlier, the company said. The lift is a 17% increase on a cost per tonne basis.Sanford will seek to recover the additional costs through pricing increases, albeit with a lag between the cost increases and pricing recoveries. It also said it would normally expect a seasonal upl...

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