Lisa Anderson was quoted in USA Today about the current state of the supply chain and how it could impact the holiday season.
“Despite some easing of backlogs at the nation’s ports and retailers reporting they were flush with inventory this summer, supply chain woes are expected to persist as the holiday shopping season gears up earlier than ever.
‘Supply chain issues are here to stay,’ said Angeli Gianchandani, professor of marketing at the University of New Haven’s Pompea College of Business. ‘Everything is fragile now, our supply chain is fragile, our crops are fragile … Labor is fragile,” she said. “Everything is colliding now. It’s the perfect storm.’
That storm includes global events like the war in Ukraine and China’s zero-COVID-19 policies causing manufacturing shutdowns, as well as an actual storm.
The Category 4 Hurricane Ian has led to increased demand for some products needed for recovery efforts, as well as stranded or destroyed equipment and materials, putting a strain on other parts of the supply chain, said Lisa Anderson, a supply chain expert and president of LMA Consulting Group.
It’s not all bad news though, consumers may be able to take advantage of deals from retailers who need to move excess product that came in late last year.”
To read the full article, click here.