Black Friday this week will feature cut-throat deals, but how can this be profitable for retailers?
Rock bottom freight rates are contributing to the offers.
A deep slump in shipping volumes spurred by weaker demand for commodities and slower global trade has a silver lining in sending bulk and container rates to record lows, allowing good to be shipped at low costs, according to real-time freight rate database Freightos.
Figured pulled from the database by Freightos highlighted a few key products that may fill holiday season shopping baskets at lower costs because of shipping rates, noting for example than a $2,000 Apple MacBook Pro costs $1.50 to import into the U.S. by freighter.
Read more on CNBC here.