Shoppers are stockpiling gifts now to avoid any holiday supply-chain problems
An Oracle study of 5,700 consumers found that one-fifth of respondents are going to buy extra gifts, just in case an item doesn’t make it by Christmas or is canceled all together.More than half of shoppers have already started their holiday shopping or plan to start sooner over concerns about supply chain problems and delivery delays, according to this latest holiday data.
“Through transparency and execution, retailers can earn trust with their customers and build the potential for future loyalty.” Also: Walmart, Target, Home Depot and other large retailers are chartering ships to bypass supply chain problems. Will the strategy save Christmas? Don’t miss: 70% of Gen Z shoppers plan to do their holiday shopping in stores. Here’s how the modern brick-and-mortar experience is changing.
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Despite supply chain woes, these shoppers can get early access to hot holiday gifts“Gift-givers this year are at a new peak of anxiety,” said one retail expert. “This could be the supply chain that stole Christmas.”
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White House Announces New Steps To Tackle U.S. Supply Chain CrisisThe Biden administration announced a series of new steps that will be taken by companies and organizations in the private and public sectors to help address the continuing supply chain crisis in the U.S.
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Buttigieg says US supply chain issues will 'certainly' continue into 2022Transportation Secretary Pete Buttigieg predicted on Sunday that supply chain issues facing the US will continue into 2022, but stressed that Congress potentially passing President Joe Biden's infrastructure proposal is the best way to help alleviate those problems.
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How school cafeterias are being hit hard by supply chain disruptionFrom distribution delays and shortages of fresh foods to cafeteria supplies like trays and tongs, districts across the U.S. have had to rework breakfast and lunch options for students.
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Home builders grow more confident in spite of continued supply-chain headachesHome price increases are creating affordability concerns across the industry.
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Tesla quarter may hinge on China factory, supply chain costsInvestors will be closely watching Tesla's quarterly results on Wednesday for indications of its performance in China, where the electric carmaker has posted robust sales in the face of negative publicity and a host of new domestic competitors.
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