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Epic Economist, 11/24/24
"15 Shortages That Will
Affect Everyone This Winter"
"Are you ready for another chaotic winter? The news we're going to report today may disturb your shopping plans for the season and will be tough to swallow. If you haven't started to stock up on the products you'll need for the coming weeks and months, you may be in trouble. That's because, retailers have canceled billions of dollars in orders right ahead of the busiest shopping season of the year. After facing a dramatic slowdown in sales, several major chains such as Walmart, Target, Kohl’s, Best Buy, and Dollar General were forced to purchase less goods for this holiday and winter season. Some of them were forecasting that sales growth would be flat for yet another quarter, while others simply lacked the funds to ramp up the orders and be prepared to meet customer demand.
On top of that, labor shortages at Asian ports are causing massive shipping delays to U.S. merchants. The number of dockworkers has significantly declined since the pandemic, which is extending container load and unload times and leaving the retailers that did get ready for the seasonal shift in consumer patterns at risk of not receiving their products on time.
Issues with the production of certain foods and essential items will also have an impact on your shopping list and your wallet, according to industry analysts. And you may have to compete with resellers that are already buying the most-desired gifts and holiday goods to sell them online at hyperinflated prices. This all means inventories are getting tight, and if you wait until the last minute, you are likely to end up with empty hands.
In this video, we're going to coved each one of these problems, and tell you which products will be in short supply over the next few days and which ones are already disappearing from store shelves and have no prediction of when they'll be restocked."
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