We know, we know...it's barely October. But for those practical shoppers, we wanted to share some tips with you so you can get ahead of the game and avoid disappointments. Thanks to COVID causing major supply chain disruptions around the world, experts are recommending consumers purchase holiday gifts early this year (2021).
Here are three reasons why:
- There will be delays and shortages for your favourite items in the coming months: COVID has caused a supply chain crisis that's delaying products from getting to retailers. The increased demand during the holidays means there will likely be shortages for your favourite gifts in the coming months.
- Retailers are expected to increase prices soon, if they haven't already: Shipping containers that used to be $2500 now cost up to $10,000 to get from Asia to North America. Costs to businesses are going up, and prices for most items will go up if they haven't already.
- There will be fewer (and earlier) sales: In addition to rising costs due to higher prices for shipping, many businesses are also facing labour shortages. There might be fewer sales this year than usual, or, prices might even go up in the coming months.
The bottom line? If you want to get ahead of potential price increases, shortages, and shipping delays, experts are recommending consumers start shopping for holiday gifts now. Share this post with a friend to avoid delays and shortages this year