According to Burt Flickinger, product shortages are going to be as bad as when the COVID-19 pandemic started, as reported on Fox Business. Flickinger made this prediction after Costco warned its customers it is having trouble fulfilling toilet paper orders in the week of September 20, 2021. But the shortages won’t stop at toilet paper.
Expect Major Product Shortages
From chicken shortages to toilet paper and computer chips for cars, shortages are affecting businesses large and small. And for small retailers, it means having to pay more for their inventory. Forbes is reporting there are still bottlenecks in the supply chain which is exacerbated by a shortage of shipping container problems and the added cost they now demand. The report goes on to say this alone is causing a doubling or tripling in shipping costs.
The shortages also come just as the holiday shopping season is about to begin. As Naveen Jaggi, president of retail advisory service JLL, told Forbes, “The biggest challenge for U.S. consumers will be that demand will outstrip supply.” Adding, “Consumers will need to pull forward holiday shopping rather than wait till Thanksgiving and after.”
Add the Delta variant to the mix and the impact of the pandemic will continue to affect consumers and businesses this holiday shopping season. This includes small businesses that are still struggling through this ordeal.
Small Business and Supply Shortages
According to the 2021 Business Barometer report from Oregon-based Umpqua Bank, small businesses are facing widespread supply chain problems. The 1,200 business leaders in the survey stated supply chain tops their list of concerns moving forward.
A whopping 88% of the respondents said they had difficulty sourcing goods in the past 12 months. And the most common supply chain problems they faced are purchasing the goods they need in a timely manner to run their business, longer delays receiving goods, and an increase in the price of goods.
The report states businesses, small or large, are making major strategic adjustments with significant changes to multiple areas. This includes supply chains, staffing models, company culture and vision, brick-and-mortar operations, and products and services. And moving forward they expect to keep these changes.
However, it is not all bad news. Fifty-two percent of small businesses expect the economic condition to improve and another 53% say their revenue will increase. And as the conditions brought on by the pandemic die down, supply chains will start flowing to normalize the marketplace.
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I see the empty shelves and extra-spaced-out products all the time. I believe it.
Sherrie
The food shortages have been created by our government. They instructed farmers to destroy crops. Starvation is one of the many layers in this diabolical depopulation agenda. This is why people need to learn to grow their own food. Even if it’s in containers. Learn to grow simple items for fall and winter. POTUS said we would have a dark winter, so I guess this is what he really meant.
Why worry about supply chain. Everything the deep state is doing is in goose step with the NAXIS IN WARSSW. EVERYTHING. THE TIMELIME NE IS PERFECTION. GENOCIDE . WARNOCK,AOC,OBAMAO,WARNOCK , SCHER, PELOSI, STONE MAN NG AND THOUSANDS MORE ELECTED.. EVEN SCHOOL BOARDS. THE PERFECT STORM. STORM MANNING PREPARING THE TEN SITES IN NORTH AMERICA THAT WILL HAVE THE ENTIRE POPULATION. NO ONE ALLOWED TOO LIVE OUTSIDE OF THEM. 160 MILLION IN ALL OF NORTH AMERICA. 100 MILLION SLAVES 60 MILLION ELITE SLAVE OWNERS
Roger
The situation should not be dire if there were no opportunistic hoarding by distributors in the supply chain who refused to ship products or raised prices to “ransom” previously promised supplies. All it takes is less panic buying by consumers to burn those hoarders.
In most shortage scenarios the demand is artificially “high” because there are multiple purchase orders placed with multiple sources for the same requirement, since it is unclear who would be able to fulfill the order. That is usually why after a shortage the bottom falls out on prices when supply catches up.
Put off your wants and wait it out. If you think about it most things are not indispensable for survival.
Michelle H Doll
We can’t get many products for our small business, either. Paint and other supplies are just not available. Between the plants not producing and the shippers not being able to ship, it’s getting worse not better.
I read about how horrible the conditions are for the container ship workers. We NEED these people; they are vital to our way of life. It’s criminal what they have been through with the pandemic and people losing their minds. Some workers have been shipboard almost 2 years without breaks, others were forced to get multiple immunizations, from different manufacturers to abode the local laws on different ports.
Sanity needs to return to our world. We must make it easier for the shippers to work, before they all quit in disgust.