"Still referring to the impact of increased logistics costs in the trading update. I thought I saw something from Alan Kohler reporting that general freight costs were almost back at pre-COVID levels."
Taking one's investment cues from the financial media is seldom wise; even the talking head is of the much-vaunted, high-profile *Alan Kohler* variety.
There is more to logistics than just freight; in SDI's case the cost impost has been in having to find extra warehousing space at short notice due to the sudden and sharp lengthening of the company's supply chain over the past 12 months.
My chat with management after the result announcement indicated that the additional warehousing costs were "very substantial and unlikely to ease".
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(20min delay)