The supply chain crunch is starting to threaten holiday shoppers’ wishlists, said financial experts this week. “There will definitely be weeping children this holiday season,” Joel Bines, the co-head of AlixPartners’ retail consulting practice, told the Financial Times. “Black Friday doesn’t exist; the holiday season doesn’t exist, not as it used to,” he said, adding that the “most in-demand” items will be in short supply due to disruptions. For months now, supply chains have been slowed down due to shipping bottlenecks and labor shortages in key industries, causing delays. Some analysts expressed concerns that the supply crunch could lead to higher inflation. As of late Sunday, there were about 60 vessels waiting to offload outside the ports of Los Angeles and Long Beach. Meanwhile, dual energy crises in mainland China and parts of Europe have also triggered shipping slowdowns, analysts have noted. Per Hong, senior partner at consulting firm Kearney, told CNBC that …
Amid Supply Chain Crunch, Analyst Warns ‘There Will Definitely Be Weeping Children’ During Christmas
October 11, 2021
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