The global supply chain crisis could result in fewer discounts
The global supply chain crisis could result in fewer discounts and deals as the holiday shopping season approaches. Because of backups and shortages, stores are already having trouble keeping products on shelves, and some may not get the inventory they need before Black Friday-type bargain shopping begins. Supply chain challenges aren’t just a result of backed-up ports and manufacturing shutdowns. There’s also a shortage of workers to unload and transport products. The trucking industry needs about 80,000 drivers, a reported record high and about a 30% increase since the beginning of the pandemic. Worker shortages are why some efforts to alleviate backlogs, like Biden’s recent directive that some ports operate 24/7, aren’t fully solving the problem.
Source: CNN
