Popular tonic brand Fevertree reports dip in profits citing increased freight costs

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Popular tonic brand Fevertree reports dip in profits citing increased freight costs
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In April, industry reports noted volatile freight costs had been caused by an ongoing supply chain crisis affecting gross profits for companies.

Popular tonic brand Fevertree has reported a loss in profits for the first half of the year, even with strong sales in Europe and the U.S. citing fallout from a prolonged supply chain crisis.

Commenters saying they are from the UK and the U.S. are reporting issues, with one commenter on Instagram writing,"Are you having supply issues? Not finding you on shelves locally anymore."In April, the the travel, logistics and infrastructure publication McKinsey & Company reported that an ongoing supply-chain crisis has been the driving force behind an increase in freight rates.

Fevertree said in a statement,"Labor shortages at our East Coast bottler in the U.S. have impacted our ramp up."

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