When 2021 started, the hope was that the bottlenecks that gummed up the global supply chain in 2020 would be mostly cleared by now. Unfortunately, they’ve actually only gotten worse — much worse — and evidence is mounting that the holiday season is at risk.

COVID outbreaks have idled port terminals. There still aren’t enough cargo containers, causing prices to spike 10-fold from a year ago. Labour shortages have stalled trucking and pushed U.S. job openings to all-time highs. And that was before UPS, Walmart and others embark on hiring hundreds of thousands of seasonal workers to take on the peak of peak.

“I’ve been doing this for 43 years and never seen it this bad,” said Isaac Larian, founder and CEO of MGA Entertainment, one of the world’s largest toymakers. “Everything that can go wrong is going wrong at the same time.”

Now comes the rush of goods into the U.S. for Santa’s sleigh, which will only exacerbate all of this. It’s going to be a daunting holiday season for retailers who are already struggling to stock their shelves. 

To read the full article from the Financial Post, please click here.