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Why retail companies are experiencing major inventory delays during the pandemic

As economies open up, ports are packed. The congestion is causing inventory problems for a growing number of companies. Foot Locker cited the slowdown during its most recent earnings call. The Gap called the problem unforeseen while Peloton said its delivery wait times remain elevated. Jim Newsome, South Carolina Ports Authority, and Kathryn Thompson, CEO of Thompson Research, joined "Squawk Box" on Wednesday to discuss.
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Wed, Mar 10 20217:27 AM EST