Toy companies warn parents Xmas gifts won't arrive in time
Oct 12, 2021 0:05:31 GMT -5
Post by bloodbought on Oct 12, 2021 0:05:31 GMT -5
Walmart and Costco limit toilet paper sales while toy companies warn parents their kids' Christmas gifts won't arrive in time thanks to backlog at ports, rail yards and on the roads
Supply chain problems that have been tormenting retailers for months are showing up in America's stores
Around the country, there are shortages of goods on shelves in Target, Costco, Home Depot and Sears
The issues aren't specific to any one type of good and are down to problems with shipping and distribution
Cargo ships off can't get into overworked ports to drop off goods and are hovering off the coast
There is a global shortage in truck drivers which is stalling distribution of goods and railroads are also jammed
The cost of shipping a single container from China to LA reached $20,000 last month - four times what it cost last October
There are fears that some of the backed-up ships at the port in L.A. will not be emptied before Black Friday - the biggest retail day of the year and the start of the Christmas shopping season
Some retailers are telling people to buy Christmas gifts now to ensure they arrive on time
There is no immediate end in sight: Biden has launched a White House supply chain task force but businesses fear the problems will stretch on for months yet
Federal Reserve Chairman Jerome Powell predicts the issues will last until next year - which will prolong inflation
By JENNIFER SMITH, CHIEF REPORTER FOR DAILYMAIL.COM
PUBLISHED: 10:31 EDT, 11 October 2021 | UPDATED: 00:24 EDT, 12 October 2021
Stores across America have empty shelves thanks to a series in supply chain problems that are prolonging inflation and could stretch into the new year, with some retailers like Costco and Walmart limiting the amount of toilet paper in some stores.
More than 60 cargo ships are waiting to dock in California, carrying hundreds of thousands of containers, and may be stuck for months in a traffic jam after arriving from China and Asia. Millions of dollars of American goods are still sitting in warehouses in China, awaiting shipment.
There are similar problems with homegrown goods that can't be transported quickly enough by truckers or on freight trains.
The problems - which have tormented business owners for months - are now laid bare to American shoppers who are confronted with poorly stocked stores and rising prices on the items that they can find.
Some toy company CEOs are telling parents to buy their kids' Christmas gifts now to avoid disappointment.
This past weekend, Costco and BJ's Wholesale Club were limiting the amount of paper goods customers could buy in parts of Long Island. In Bellport, a town in southern Long Island halfway between the Hamptons and New York City, shoppers were limited to two bundles of toilet paper each.
There is no immediate end in sight. Inflated COVID unemployment payments ended in September which many hoped would drive a surge in jobs, but the response has been sluggish at best. Last week produced the worst jobs report of Biden's presidency, with only 194,000 jobs added - far short of the 500,000 that were expected.
Federal Reserve Chairman Jerome Powell predicted last week that the issues will continue into the new year, prolonging inflation and raising prices for American consumers.
In the UK, Prime Minister Boris Johnson has resorted to hiring the former CEO of supermarket chain Tesco to try to solve the country's own supply chain problems.
Full story with pictures and video at link
Supply chain problems that have been tormenting retailers for months are showing up in America's stores
Around the country, there are shortages of goods on shelves in Target, Costco, Home Depot and Sears
The issues aren't specific to any one type of good and are down to problems with shipping and distribution
Cargo ships off can't get into overworked ports to drop off goods and are hovering off the coast
There is a global shortage in truck drivers which is stalling distribution of goods and railroads are also jammed
The cost of shipping a single container from China to LA reached $20,000 last month - four times what it cost last October
There are fears that some of the backed-up ships at the port in L.A. will not be emptied before Black Friday - the biggest retail day of the year and the start of the Christmas shopping season
Some retailers are telling people to buy Christmas gifts now to ensure they arrive on time
There is no immediate end in sight: Biden has launched a White House supply chain task force but businesses fear the problems will stretch on for months yet
Federal Reserve Chairman Jerome Powell predicts the issues will last until next year - which will prolong inflation
By JENNIFER SMITH, CHIEF REPORTER FOR DAILYMAIL.COM
PUBLISHED: 10:31 EDT, 11 October 2021 | UPDATED: 00:24 EDT, 12 October 2021
Stores across America have empty shelves thanks to a series in supply chain problems that are prolonging inflation and could stretch into the new year, with some retailers like Costco and Walmart limiting the amount of toilet paper in some stores.
More than 60 cargo ships are waiting to dock in California, carrying hundreds of thousands of containers, and may be stuck for months in a traffic jam after arriving from China and Asia. Millions of dollars of American goods are still sitting in warehouses in China, awaiting shipment.
There are similar problems with homegrown goods that can't be transported quickly enough by truckers or on freight trains.
The problems - which have tormented business owners for months - are now laid bare to American shoppers who are confronted with poorly stocked stores and rising prices on the items that they can find.
Some toy company CEOs are telling parents to buy their kids' Christmas gifts now to avoid disappointment.
This past weekend, Costco and BJ's Wholesale Club were limiting the amount of paper goods customers could buy in parts of Long Island. In Bellport, a town in southern Long Island halfway between the Hamptons and New York City, shoppers were limited to two bundles of toilet paper each.
There is no immediate end in sight. Inflated COVID unemployment payments ended in September which many hoped would drive a surge in jobs, but the response has been sluggish at best. Last week produced the worst jobs report of Biden's presidency, with only 194,000 jobs added - far short of the 500,000 that were expected.
Federal Reserve Chairman Jerome Powell predicted last week that the issues will continue into the new year, prolonging inflation and raising prices for American consumers.
In the UK, Prime Minister Boris Johnson has resorted to hiring the former CEO of supermarket chain Tesco to try to solve the country's own supply chain problems.
Full story with pictures and video at link