With Christmas and the new year right around the corner, kids will be receiving their gifts all over the country. When parents and family members go out looking for these gifts (especially for toys) to provide their children with, they may come across the fact that the prices for toy items have gone up in the latest year.
High consumer fears of a major shortage are rising, causing people to start shelling out top dollars for toys, hoping to get ahead of the problem. This price increase may force parents and family members to either raise their spending budget when trying to get specific toys or to adjust their purchases to toys that will allow them to save a few dollars when purchasing gifts.
A possible toy shortage is feared, this would be caused by the supply chain issues that have been affecting most of the retail categories. Especially because during the seasonal stampede toys are demanded more than ever, however, experts don’t expect the chaos — or the high prices — to entirely be over after the holidays.
Toys also affected by the current Supply Chain Crisis
Sal Stile, president of Alba Wheels Up was consulted by GOBankingRates on how the current unprecedented supply chain crisis can affect toy’s consumer prices, to which Sal commented: “Consumer prices on toys, among other items, will continue to increase into the new year as a result of tight container space, congestion at the ports and terminals, lack of equipment and workers shortages, and several other factors contributing to limited supply,”
He also elaborated on how these increases are caused: “As long as demand for consumer goods stays at this level, I believe we will be seeing premiums being placed on transpacific supply chain capacity — and other options, like air freight, will cost as much as purchasing a small home, at approximately $200,000 a container.”
Though in general, toys and other in-demand items will likely bear the brunt of shortages in the form of appallingly pricy price tags, there are some toys that are anticipated to tout lower costs in January than they do now. You can find a list of 4 Popular Toys To Buy in January If You Want To Save on the complete article by GOBankingRates here.
About Sal Stile II
Sal Stile II is the founder, president, and Chairman of the Board for Alba Wheels Up® International. With decades of regulatory experience and a keen perspective to forecast market trends, Sal is a relentless advocate for his clients’ success. He has helped to position Alba Wheels Up as a leader in the customs broker and freight forwarding industry.
For more information about the current shipping situation that is affecting retail importers, including immediate and timely solutions to bring your goods into the U.S. faster to your store aisles, contact Alba today.
This article was written based on the publication from © 2021, GOBankingRates “4 Popular Toys To Buy in January If You Want To Save” Originally published on [December 17, 2021] by Nicole Spector. access source here: GOBankingRates
