Brands Are Making Bets on Which of Their Products Will Be Hot This Holiday, But They Don’t Have to Guess

September 24 2021 by Jim Shea

    Mall-Shopping

    What a difference a year makes.

    At this time last year, consumers were hesitant to spend on much besides essentials and products that would make their life at home more comfortable. They were fearful about going into stores, many of which were temporarily closed due to the pandemic anyway, worried about how COVID-19 would affect their family’s health and finances, and unsure whether and when the economy would rebound.

    Meanwhile, retailers and brands were nervously looking ahead to the holidays and worrying about the glut of inventory they were left holding following months of sluggish sales due to the pandemic.

    This year, the script has flipped, with consumers ready to spend but retailers and brands struggling to ensure they’ll have enough inventory to meet holiday demand. Companies face continuing supply chain disruptions, labor shortages in warehouses, and shipping constraints that are driving container freight prices four to 10 times higher than normal.

    Read the Full Article at My Total Retail

    retail disruption  supply chain challenges  supply chain  Holiday Shopping  Holiday Season  inventory management

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