Today, we will explore an article outlining the coming supply shortages anticipated for this Christmas holiday shopping season. Following this will be an idea for an alternative to the shop till you drop nature of what the modern-day holiday season has become.
The supply chain meltdown will make holiday shopping messy this year. Here’s what you need to know.
Expect delays, limited inventory and higher prices but, most importantly, start early
Shoppers are beginning to fret: A third of the more than 5,700 people recently surveyed by Oracle, which provides cloud services for such large retailers as Prada and Office Depot, worry they won’t get everything on their wish lists and will be paying more when they do. Here’s what you need to know to avoid a holiday shopping nightmare.
That is interesting wording, considering that I was under the impression that holiday shopping tended to be a nightmare for most people, supply chain restrictions or not. Hence the reason why stress and substance abuse tends to skyrocket during the lead-up and the peak of the holiday season.
But I digress . . .
Why are so many store shelves already empty?
The coronavirus pandemic has been wreaking havoc on global supply chains since it began nearly two years ago, with suppliers and retailers wading through a sea of challenges — keeping the virus out of offices and factories, navigating shutdowns and business restrictions. Then there’s the steady rise of raw materials prices and skyrocketing shipping costs. The nation also is short on truck drivers and warehouse workers.
The tangle of pressures has driven inflation to a 13-year high of 5.4 percent, forcing many companies to pass costs along to consumers.
Problems have been compounded by a labor shortage that has intensified in recent months, as more warehouse and retail workers become part of “The Great Resignation” — a phenomenon driven by pandemic burnout and an existential reassessment of life and work. A record 4.3 million Americans quit their jobs in August, Labor Department data shows, and big box stores and local retailers alike are struggling to fill positions and store shelves.
All the while, demand is on the rise:Retail sales rose unexpectedly the past two months despite a resurgence in covid cases brought on by the delta variant, which had a dampening effect on business activity. Last month, U.S. retail sales hit $625.4billion as consumers flocked to shops, bars and restaurants, federal data show. Gasoline sales were up 38 percent compared with the same period in 2020.
This is certainly an interesting trifecta of factors.
A pandemic still wreaking havoc with production and shipping around the world. A revolting labour force fed up with putting their lives on the line for consumers and employers that don’t give a flying fuck about anyone but themselves or the bottom line. And an energetic newly released public that is anxious to live it up in a way they haven’t been able to since 2009.
Virus + Fatige + Excitment = Pandamonium.
Holiday retail sales are projected to climb 7 to 9 percent, according to Deloitte’s annual forecast, to as much as $1.3 trillion this year.
Marwan Forzley, chief executive of Veem, a payments platform that works with thousands of U.S. retailers, said the outlook is promising given that more people are comfortable shopping in stores and dining out amid rising vaccination rates.
“We can expect this to continue into the winter months,” Forzley said in commentary emailed to The Washington Post.
Do I really need to start shopping now?
If you have specific gifts — especially trendy ones — in mind, yes.
Mark Kapczynski, chief marketing officer of Gooten, a supply chain solutions company, said that consumers should plan to get their shopping done well ahead of the Black Friday/Cyber Monday window if they want gifts to arrive on time.
He pointed to the record backups at U.S. ports due to covid protocols and labor shortages, adding that the delay of raw materials will cascade through supply chains and create shortages across many product categories.
Good luck, folks. You are already too late!
President Biden recently called on the Port of Los Angeles, the nation’s largest port, to stay open round-the-clock to ease some kinks in the supply chain. The White House even weighed tapping the National Guard to fill in the gaps across the country’s sprawling network of ports, planes, ships and trucks, The Post has reported.
Recent changes at the U.S. Postal Service will lengthen delivery times. On Oct. 1, the agency implemented new “service standards,” or the amount of time it says it should take for a piece of mail to get delivered, and raised prices for a variety of services.
“All of the major carriers — USPS, UPS, FedEx — are not guaranteeing any specific delivery times this year, so absolutely shop ahead as much as possible,” Kapczynski told The Post in an email.
Though this is strictly speculation on my part, I have to wonder how much of the current situation with the USPS is rooted in the sabotage efforts of its Post Master General under the previous administration. Though I don’t doubt that Biden stopped the bleeding, did he reverse the changes (such as the removal of sorting equipment)?
Holiday shopping season has been starting earlier and earlier since 2014, when big box stores first opened their doors for Thanksgiving Day deals, according to Marshal Cohen, chief retail industry adviser for the NPD Group.
This year, more than half of shoppers surveyedplan to start their holiday shopping before Thanksgiving Day, according to NPD’s Holiday Retail Outlook.
Consumers are expected to spend $785, on average, in 2021, which is higher than either of the past two years, according to NPD. The uptick reflects how they have “settled into the current phase of pandemic life,” Cohen wrote in commentary Wednesday, “and are balancing a new sense of comfort alongside remaining concerns.”
Early shoppers plan to spend more money, and have already started picking up consumer electronics, clothes and gift cards, according to NPD’s research. Retailers have catered their events and deals to the early birds: Amazon started hawking its “Deals for Days” promotion in early October. Nordstrom is opening its in-store holiday shops on Oct. 18. Lowe’s is having its “Season of Savings” kickoff on Oct. 28 and wheeling out its Christmas trees and twinkly lights in November.Anxiety about delays and scarce inventory will motivate many shoppers to “grab what they want when they see it,” Cohen wrote, “instead of waiting for better deals later in the season.”
Given the state of the supply of many items, it would not surprise me to see scalpers buying up trendy items and scalping them on auction and marketplace sites for WAY more than their original MSRP in the coming weeks and months (this became a major issue for the tech industry recently). For the truly desperate, this can only drive the $785 figure even higher.
Sure, things can and do get donated. But given the glut of stuff that such organizations always have coming in, what is the chance that your likely outdated product is going to make the cut?
For example, instead of loading up on consumer products, why not write a few cheques to charitable organizations that could use the cash?
As for those that do still take issue . . . tell them where to go. I get that this can be much easier said than done (particularly in a familial context), but chances are if the person is selfish enough to take issue with this, then this is likely not the only area of your life that they are causing trouble in. Existence is too short to live with petty BS like that.
Of course, this all changed 2 years out from high school (of all times, a MONTH before Christmas!) when bad privacy settings on Facebook led to an image I commented on being shown to my entire friend’s list (this nsfw image). I ended up skipping out on that years gathering, and the one next year was a bit awkward (a few obviously still had an issue with the stance). But that has all evaporated now. If anyone cares, then they either have long forgotten or moved on.
There is no reliving the past, hard as one tries. There is only finding out what can make the experience positive in the modern era. Whether that means going to see the family, or staying home and cracking a bottle of booze (or partaking in some legal cannabis!), the choice is yours. You don’t need to involve family OR drugs, it’s whatever suits you.
I will probably spend my holiday under the relaxing intoxication of one or 2 cannabis-infused beverages while doing some housework (or writing) to pass the time. That is what works for me.