You might have to give your kids gift cards instead of shiny new toys during the holiday season. Here’s why.
The Port of Los Angeles is going to 24/7 operations, and dockworkers are ready to work more shifts as part of an initiative that President Joe Biden and White House officials hope will ease supply-chain snarls, at least a little.
“‘My Administration is working around the clock to move more goods faster and strengthen the resiliency of our supply chains.’” There are skyrocketing shipping costs, plus a shortage of long-haul truck drivers once the goods arrive, he said. Toys, and the impact of container costs It’s possible now for toy companies to pay around $21,000 to $24,000 to get their goods in a container, according to Pasierb. That’s up from a $3,000 going rate, he said, with 85% of toys sold in America “at some point [traveling] on the ocean” from their manufacturing origins, he noted.
Cohen, at NPD Group, said he hasn’t heard retailers complaining that they are low on toy inventory. Shoppers may well opt for one type of toy when they can’t find another, but still, he added, “there are going to be some disappointed kids when they ask for some specific products.” New bikes have been a difficult item category to find from the early days of the pandemic. The majority are made and assembled in Asian countries, especially China.
She said she purposely works with domestic-based invitation makers and suppliers to skirt overseas supply-chain complications. But she can’t escape slowdowns.
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