One hundred days remain until Christmas Day, and retailers are cautious while consumers are looking for the best deals. Experts expect store shelves to be well stocked.
FOX Business’ Madison Alworth reports on how the FedEx warning impacts delivery companies ahead of holiday shopping., retailers and customers are not feeling joyful after a year of supply chain backlogs and higher costs.
Ports are in better shape this year and freight costs are down 80% year-over-year, dropping from $20,000 per container in 2021 to $4,000.expect the holiday shelves to be full, and big box retailers stocked up early to hedge against supply chain vulnerabilities that were exposed last year. "Although supply chains were overall running well, there have been so many issues and so many potential further issues around weather and labor. Many retailers have not taken any risks and stocked up early for the holiday season," Freightos Group CEO Zvi Schrieber told FOX Business. "Instead of starting their holiday shipping now in September or in August, many of them stocked up their inventories in June and July.
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