How Supply Chain Disruptions Are Impacting The 2022 Holiday Season

As the holiday shopping and shipping season gears up earlier this year than ever before, supply chain woes are still expected to persist through the holiday season. Rising inflation along with disruptions such as China’s zero- COVID-19 policies, the Russia-Ukraine war, strikes and protests, and more have continued to weaken consumer spending as financial worries have increased by 153%. Industry giants that ordered surplus inventory are facing a ripple effect, with the retail inventory at an all-time high coupled with unpredictable consumer demand. The big question is, can retailers clear out their inventory piles as the holiday season begins?