Supply chain problems can literally thwart many Americans with backlogs from the world’s largest bedding company.
“Slight trucking, apparently shipping, a few component issues, mostly chemicals … it’s improved, but it remains a challenge,” said Tempur Sealy Chairman, President and CEO. Scott Thompson said. Yahoo Finance Live (video above). “And we’ll probably solve the supply problem here in the next few quarters.”
Tempur Pedic, a leading manufacturer of memory foam mattresses, acquired its competitor Sealy in 2012 to establish Tempur Sealy International. bottom.
Thomspon discovered that Tempur Sealy had about 100 million orders scheduled for delivery in the fourth quarter.
“In fact, due to the strength of our business, we expect the fourth quarter to be a record quarter,” he said. According to
Thompson, the company has rejected another 100 million orders. He added that if Tempur Sealy could process all the orders it received, third-quarter sales would have increased by 40% instead of 20% year-on-year.
“It’s a bit disappointing, but it’s a good time to enter the bedding business around the world,” said Tom Spon. “And we feel very happy.”
(Temper Pedic)
Tempur Sealy mattresses are lagging behind due to supply chain challenges. (Temper Pedic)
Supply Chain Background: Tempur Sealy is already raising prices As
economists continue to argue whether inflation in the U.S. economy is temporary, many companies are looking for household items. The price is starting to rise.
Thompson said his company has raised the price of mattresses three times in the last 12 months and “we’ll have to do another round here soon.” The main factor driving the price of
is the continued congestion of large numbers of containers and truck routes left behind at sea.
And some containers are unloaded, but there is little space to put them. A Yahoo Finance report found that lack of storage space for containers was a major bottleneck in Southern California ports. Empty containers are piled up in a truck yard in front of the warehouse and may be unloaded by the side of the road.
“You can see it a bit everywhere,” Thompson said, citing the impact of supply chain distress on his business. “We sell beds in 100 countries around the world, so we are everywhere. The biggest problem is in the United States.”