The Advertising Speciality Institute reports that inventory shortfalls will be pervasive through at least 2022.
There are many reasons for this, but the most obvious is the supply chain disruption due to the pandemic.
The Port of Los Angeles alone, the United States’ busiest container port, will handle 80% more containers year over year on the week of September 12th. The ramp-up in cargo ship activity is to ensure adequate inventory stateside for the holiday season and to meet current soaring consumer demand for a spectrum of goods. Also, the pandemic has caused significant changes in consumer demand, throwing supply chains off balance.
Port executives and supply chain experts believe the challenges at ports – and related supply line issues – will persist into 2022 and potentially beyond.
One way to deal with the global supply chain challenge is to buy Made in America products. Sometimes they are a little more expensive, but they will never face supply chain disruptions.
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