Retailers expect supply chain woes to run through 2022 – and beyond

November 1 2021 by Jennifer Marks for Home Textiles Today

First Insight and Wharton’s Baker Retailing Center study finds 100% of retail execs expect disruption to impact sales and prices

Pittsburgh – Top retail executives indicated that consumers should expect holiday shopping to be affected by supply chain disruptions and inflation, according to a new survey by First Insight and the Baker Retailing Center at the Wharton School of the University of Pennsylvania.

Fully 100% of the senior executives surveyed agree that disruptions will mark this year’s holiday shopping season, and 98% believe that supply chain issues will continue impacting the retail sector through 2022 and beyond.

Strategies to mitigate added supply chain costs vary. Over one-third of retailers are absorbing the increases and keeping prices consistent. However, 59% of retailers said they will be passing on the cost to consumers. Just 2% said they adjusting product construction to lower costs, and another 2% said they were not anticipating price increases.

Read the Full Article at Home Textiles Today

pricing  retail technologies  retail pricing  holiday  promotional strategies  supply chain challenges  supply chain  Senior Retail Executives  Holiday Season  supply chain disruption  inflation

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