Good Morning !
During this pandemic we have seen a shortage of lumber – Prices have recovered a bit and stocks replenished somewhat . The toilet paper shortage or the hoarding of it – there is still plenty in the stores. But this might be the toughest yet – especially if you’ have younger kids in your family. Toymakers are saying that the global shipping crisis and labor shortages could limit their ability to keep stores stocked throughout the holiday shopping season.
CEOs of 2 major toy companies have gone on record as saying they fear supply chain woes and the resulting inflated prices will mean many children won’t get the toys they want for Christmas. ( CNN )
The bosses, whose companies sell brands including Fisher Price, K’nex, Care Bears, Little Tykes and Bratz, say not only have prices of products increased by about 23%, the cost shipping via container has gone up from $3,200 to $22,000. AND a trucker shortage is hurting efforts to stock warehouses and ultimately move toys onto store shelves. Both executives suggest parents get their holiday shopping done early. (CNN )
HERE is a story from The Wall Street Journal that describes the increase in shipping costs .
HERE is a recent story from china economy about the increase cost of shipping .
Christmas Toys Shortage Fears As Pandemic Disrupts Global Supply > Click HERE to read more.
Thanks for checking out my blog today, I hope this info I have given you today was helpful.
Feel free to comment on the Facebook link .
