Supply shortages could lead to price rises

COVID shutdowns of major international ports are putting pressure on retailers to fill orders and keep shelves stocked. With international shipping costs steadily rising over the past 12 months, many suppliers are being forced to increase their own prices. However, major retailers in Australia are confident it won't impact consumers this Christmas.

Supply shortages could lead to price rises Source: AAP Image/Alexander Bogatyrev / SOPA Images/Sipa USA

Highlights

• Backlog at ports is causing massive delays in stock hitting the shelf.
• Breakdowns in global supply chains are causing chaos for retailers big and small.
• Retailer Big W has reassured customers that supply chain issues won't be impacting them at Christmas.

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