In years past, Thanksgiving (and subsequently the holidays) have probably involved family bonding opportunities and hassle-free trips to the grocery store and mall. However, because of the pandemic and its effects on retailers and shipping delays, the holiday season might look a little different this year.
Because of supply chain issues, fluctuating prices on common goods, and increased consumer demand – shortages are coming into play for the holidays in 2021. Consumers can expect a “shopocalypse” as COVID-related shipping issues slow down the movement of goods from manufacturers to the shelves of retail stores.
International brands aren’t exempt from the effects of COVID, either. For example, the sales of H&M slowed down in September because of delivery delays. Nike, also lowered its sales forecast for Thanksgiving after closing 80% of its factories in Vietnam. Bed Bath and Beyond’s revenue also fell 26% due to shipping issues.
Aside from the disruptions in the supply chain – the holiday season is also shorter this year, which means that retailers have less time to sell. Because of this, most stores will be more incentivized to create deals as early as the first week of November to beat the competition. In short, you can still get Black Friday-worthy deals earlier in November – so if you can, don’t wait and risk running out of your favorite items this year.
With all of the changes happening in the supply chain, it’s vital for you to start shopping early to get ahead of the uncertainties of retail store closures and potential shipping delays.
3 Top Holiday Shopping Tips for 2021
Even though there have been a lot of changes in the retail industry, this doesn’t mean that you can’t enjoy shopping for the holidays this year. Below are some of our best holiday shopping tips so you can still make the most out of the season!
Unlike previous years, don’t wait for any major discounts from your favorite retailer before you start shopping. If you’re planning to get someone a new item that’s popular, buy it as soon as possible before the item goes out of stock.
Some retailers are whittling down their products to ensure that they can keep certain items in stock. When buying products for the holidays, don’t fixate on a specific color or style. Be realistic and consider other styles of the same product.
Shop From Local and Domestic Stores
When shopping for gifts, buy from local and domestic stores. Aside from having the opportunity to check out the items in person – shopping from local stores (rather than buying items online), is also the best way to make sure that your loved ones receive their gifts on time.
Start Shopping Now
As you shop this year, don’t forget that 2021 has taken a toll on everyone — from small business owners to customer service associates. Help businesses recover from the pandemic by shopping early and only buying items that you need.