Fear of Holiday Shortages as Supply Chain Woes Persist

Headline Roundup October 21st, 2021

Reports across the spectrum are warning of potential holiday goods shortages as producers struggle to meet consumer demand amid supply chain backlogs. Roughly 200,000 shipping containers are stuck on cargo ships waiting off the coast of Los Angeles, and a record number of cargo vessels —over 100 — are currently anchored outside the Ports of Los Angeles and Long Beach. Facing a national truck driver shortage, President Joe Biden reportedly plans to sign an executive order to temporarily raise weight limits so trucks can transport more cargo. Transportation Secretary Pete Buttigieg said Wednesday that "There are going to be disruptions and shocks to the system as long as the pandemic continues."

The supply chain crisis has been covered prominently across the spectrum. Many reports on all sides cited economic experts who warned that issues could continue through winter, potentially disrupting holiday shopping as well as consumer and retail in general. Some coverage from left-rated sources quoted experts who were optimistic that issues would be gone by this time next year. Reports from right-rated sources often mentioned rising inflation in their supply chain coverage and framed the current economic situation as dire.

From the Center
302

Retailers and manufacturers are overordering or placing orders too early amid panic over the massive supply chain crisis, and that’s making things much worse, those in the industry told CNBC.

“Suddenly, retailers and manufacturers are overordering because of these supply chain issues, and that’s just leading to essentially an even worse scenario,” Jonathan Savoir, CEO of supply chain technology firm Quincus told CNBC’s “Squawk Box Asia” on Monday.

Supply chains everywhere have been hit by massive disruptions this year, from container shortages to floods and Covid infections setting off port closures.

That’s gotten worse because...

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From the Right
302

President Joe Biden plans to sign an executive order to temporarily lift weight limits so trucks can carry more cargo, White House Press Secretary Jen Psaki told reporters Oct. 20.

A national shortage of truck drivers is worsening shipping bottlenecks that have created waiting lines for freighters at backlogged U.S. ports in recent weeks. The most recent study from the American Trucking Association (ATA) says the nation is short more than 60,000 drivers, and CNN reports ATA president and CEO Chris Spear says that number has now increased to 80,000.

The association...

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From the Left
302

Forget about The Grinch: It looks like supply chain disruptions may steal Christmas this year. But will these problems be resolved by early 2022?

Several retailers, manufacturers and economists have all warned that global supply chain constraints will lead to not only fewer discounts during the holidays but also result in a potential dearth of products on store shelves.

Still, some executives and market experts think the worst may be over in just a few months.

JPMorgan Chase (JPM) CEO Jamie Dimon said during an earnings call with reporters last week that supply chain woes will be a distant...

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