Supply Chain Crisis Threatens To Trigger A Flood Of Bankruptcies As Shipping Prices Soar 500 Percent

The US retail sector is facing a supply chain nightmare before Christmas! A myriad of disruptions is threatening to derail retailers’ prospects and push hundreds of thousands of businesses over the edge. The latest data is doing little to calm nerves amongst industry executives. Estimates show that due to worsening port congestion, if goods aren’t off a boat by now, it’s highly unlikely that they’ll make it onto store shelves before the beginning of the holiday season, which may result in significantly lower profits for retailers and small businesses in the most important shopping season of the year. The complex logistics of unloading the ships and getting their containers onto trucks that will drive them to warehouses and stores across the country means that all of the goods that are still stuck at ports won’t make it to store shelves by the end of the year. Therefore, hundreds of thousands of Christmas gifts will arrive too late for the holidays, but that doesn’t mean the price of those delayed goods will