The 2021 holiday shopping season may suffer from out of stock goods and shipping delays as the flooding in Europe and China exacerbate already strained global supply chains.
“Come Black Friday, we can likely expect to see prices rise for all sorts of goods such as consumer electronics, furniture, apparel and appliances,” said one supply chain expert.
Railways and industrial areas have been hit with the heavy flooding, only increasing the concerns.
This isn’t the first issue manufacturers and supply chains have faced this year, either. From the pandemic to the Suez canal incident, shipping hubs in China have suffered a lot over the past year.
Pawan Joshi, executive vice president of supply chain software firm E2open, has said that even if there are deals during the peak shopping season, they are likely to be substantially fewer and the discounts will probably be smaller with some prices even rising.
Separately, Apple CEO Tim Cook also said during an earnings call last week that freight costs are high.