Let’s Talk Business: Supply Chain Issues and Holiday Shopping
Should you really start your holiday shopping now?
We are aware of the labor shortage our country is facing. And now supply chain issues are also significant. During the pandemic, consumers shifted much of their consumption habits from services to more tangible products. Due to COVID issues and this shift in spending, hundreds of thousands of containers are stranded on ships in the ports of Long Beach and Los Angeles.
In an ongoing effort to bring goods to market, the Port of Los Angeles will join the Port of Long Beach and begin operating 24 hours a day, seven days a week. Additional shifts have both been accepted by the International Longshore and the Warehouse Unions, which represent dockworkers. These expanded operations were announced by the Biden administration.
However, it’s important to stress that this only fixes part of the problem. The severe shortage of truck drivers and warehouse workers is also affecting the supply chain. These sectors will also have to step up their efforts to alleviate the problem. And several companies have announced that they will. Walmart, FedEx and UPS are all committed to strengthening their operations.
In the Cape / Jackson metro, we noticed the shortage of certain goods. Many have commented on the reduction in inventory at local stores and have encountered issues while trying to get certain products. This should continue for a while, but let’s all hope the steps taken help soon.