With the looming threat of a major port strike that could affect the U.S. supply chain, consumers may be worried that their holiday shopping will be affected. JLL Americas President of Retail Naveen Jaggi speaks with Josh Lipton on “Seeking Trends” about what shoppers can expect.
Jaggi tells Yahoo Finance. [retailers] We have products in the United States, we have distribution centers and stores…Most of the items we sell, toys, electronics, soft goods, clothing, etc., have a good portion of our holiday sales. “Coming from Asia” means it is immune to strikes by longshoremen on the East Coast and Gulf Coast.
“The real big question is whether we could end up with product shortages heading into late December at the end of the holiday season, when most of the products we want to buy are replenished…Well, right now, the strike is in effect. Even if there is an impact on the supply chain, there will be no problem during the year-end sales season in October and November, but “December and the second half of that month will be affected. [is] Shelves may be affected. ”
He said the pandemic has forced retailers to better prepare for supply chain disruptions. “Retailers will be smarter in understanding how much inventory they need to keep on hand in their distribution centers as a way to avoid potential impacts, whether it’s the pandemic in 2020 or strikes in 2024. “Retailers are getting smarter and better,” and inventory management is key. ”
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This post was written by Naomi Buchanan.
