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Roxane Nojac

Roxane Nojac is an economic journalist who is used to TV broadcasts and fine a connoisseur of the economic, financial and heritage industries. Roxane travels the world every day with her world press review and selects for you the topics that will make tomorrow's headlines

Is Christmas cancelled this year?

10/15/2021 | 04:01am EST

Will there be presents under the tree this Christmas? Nothing is less certain. Between production delays due to Covid, the shortage of raw materials, semiconductors, labour and now energy, and the logistical problems that accentuate each of these problems, some packages are bound not to arrive in time for the holiday season.

Retailers, who earn a large portion of their revenue during this period, and carriers are redoubling their efforts to mitigate the situation. While some are chartering small freighters at much higher costs (CostCo, Target), others are extending the working hours of their delivery men, drivers and dockworkers (FedEx, UBS, Walmart, and the Port of Long Beach in California).

Will these measures be enough? Some companies are taking the lead: Amazon, Pottery Barn (Williams-Sonoma) or Gap are trying to "stretch the end-of-year shopping season" by launching their advertising campaigns in advance, and by betting on consumers' early shopping. The stakes are high: Americans alone are expected to spend $1.3 billion during the holiday season (Deloitte), or 7 to 9% more than last year. Santa has his work cut out...

 

Noel penurie logistique covid
By Amandine Victor

 


ę MarketScreener.com 2021
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. 2.80% 3523.29 Delayed Quote.8.18%
COSTCO WHOLESALE CORPORATION 1.65% 542.02 Delayed Quote.43.86%
FEDEX CORPORATION 0.82% 247.06 Delayed Quote.-4.84%
TARGET CORPORATION 1.09% 245.63 Delayed Quote.37.64%
THE GAP, INC. 0.17% 17.37 Delayed Quote.-14.12%
TREE HOLDINGS LIMITED 1.14% 0.89 End-of-day quote.78.00%
UBS GROUP AG 1.40% 16.66 Delayed Quote.31.76%
WALMART INC. -0.32% 138.55 Delayed Quote.-3.57%
WILLIAMS-SONOMA, INC. 3.07% 182.92 Delayed Quote.74.26%