Global supply chain slowdowns are set to impact everyone this holiday season, from retailers to consumers.
The issues are particularly plaguing the footwear industry. For example, a global shortage of rubber and plastic, which are essential in the production of sneakers, has made it difficult for factories to produce enough product to meet demand, a phenomenon exacerbated by labor shortages and factory shutdowns abroad in China, Malaysia, and Vietnam. On top of material shortages, factory shutdowns, high freight costs, and port congestion are making it tough for retailers to secure enough inventory.
