Black Friday reminds us that Americans are addicted to buying things
Economy And Jobs,Business,Trade,Black Friday,Supply Chains
A quick Google search this week showcased many dire warnings that this Black Friday would be one of the worst ever. The supply chain, you see, is all a mess. And the snags up and down the chain are, in turn, messing with that most American of pastimes: buying stuff.
Buyers used to steep discounts starting the day after Thanksgiving may be disappointed this year. Crowded ports and a surge in demand mean many leading retailers have cut back on the traditional price slashes. Those that have been offering sales started much earlier than normal or offered those sales on a smaller number of big-ticket items. The message from businesses and the analysts that love them are the same: Buy now — and pay more — or be disappointed later.
The truth is the shortages we’re seeing aren’t solely due to a diseased supply chain — though that chain is definitely broken in ways businesses have yet to address. Instead, the Black Friday vibes this year are better understood as a symptom of a shared addiction.
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