Start shopping now. Avoid the Delay - Get Your Gift Early. Here's Why.
Experts say supply chain issues could cause holiday shortages.
We don't want to sound like "doomsday" here, but this holiday, isn't going to be like holidays of old. Suppliers are having problems meeting demands and items are taking longer for retailers and online stores to stock up.
So our advice? Take advantage of our flash sales and discount coupons and get what they need now - because they might be gone tomorrow and in some cases won't be back until after the New Year.
But Don't Take Our Word For It
According to abcnews4 there are fewer than 100 shopping days until Christmas. While some may loathe that reminder, there's reason to take heed. Global supply chain disruptions are expected to make delivery times longer.
Companies are still trying to recover from the beginning of the pandemic. While countries have reopened, so has the demand for certain products, and companies are playing catch-up.
That's because supply chains everywhere have been hit by massive disruptions this year, from container shortages to floods and Covid infections setting off port closures.
The world’s supply chain is close to its maximum capacity—according to Oak, U.S. ports at Long Beach and L.A. are already operating at full capacity—so even if companies wanted to get goods in before the holiday season, little could be done to increase supply. “Congestion is definitely ramping up,” said report author Eric Oak, supply chain analyst at S&P Global Research.
And that bottleneck is revealing itself in company warehouses, and soon on store shelves.
“We can’t fulfill the demand in some product types. Both due to production from suppliers and also transport and congestion at ports,” H&M CEO Helena Helmersson told the Financial Times.
After months of moving record-breaking imports into congested ports in the U.S. and Europe, shippers have little free capacity to add holiday orders into a supply chain clogged with orders for the great post-lockdown reopening.
Faced with an overwhelmed supply chain, companies that have yet to stock up for the holiday season are going to find it hard—and expensive—to do so now, a new report by S&P Global Market Intelligence finds.
"We’re buying more products than ever before, whether they be online, pick up at stores or at a big box retailer, and the American importer is struggling to keep up with that demand," Gene Seroka, executive director of the Port of Los Angeles, told NBC's Kristen Dahlgren on TODAY Tuesday.
This is a time when companies would normally be building up product inventory to get ready for an additional surge in demand.
Our suggestion: Start your shopping yesterday. As the holidays near, experts say consumers should expect fewer options and stock shortages.