There are rumors (Facts) that there is going to be supply shortages this coming Christmas.
Today’s post is by Troy Lowe; Vice President of Development at SafeSourcing Inc.
There are rumors that there is going to be supply shortages this coming Christmas. Because of this, you may expect to pay more for items that you can find. A recent survey showed that about 82% of retail executives that were surveyed stated that that they were somewhat to very concerned about the shortages. There are a lot of things impacting the supplies including understaffed factories, record high plastic prices and now there’s a shortage of shipping containers. Experts say that the Covid-19 pandemic caused a reduction in the number of shipping vessels operating and that has led to fewer empty containers being picked up. Because of this there are a lot of empty containers stuck at ports for long periods of time. Also, there is a lot of congestion in key ports within the US which is contributing to lengthening the turnaround time for the containers. Because of these issues, the time it takes to ship cargo from Asia to the US has almost doubled during the pandemic. Below is a list of some of the items that may be in less selection and with higher prices.
- Toys
- Wrapping Paper
- Gift Boxes
- Gift Bags
- Gaming Consoles
- Televisions
- Automobiles
- Home Appliances
- Clothes
- Sneakers
- Furniture
- Christmas Trees
- Meat
- Candy Canes
- Paper/Books
- Actually Everything
Interested in learning how SafeSourcing can help your company run more efficiently? If you would like more information on how SafeSourcing can help your procurement efforts, or on our Risk Free trial program, please contact a SafeSourcing Customer Service Representative. We have an entire team ready to assist you today.
