Holiday Season Highs and Lows

Scarcity isn’t a concept that we, as a nation of consumers, are used to. When we want to buy goods, low-cost producers across the world fall over one another to produce and ship to us. But scarcity is exactly what we have been dealing with for nearly two years—from toilet paper and cans of beans to automobiles and now holiday items. First, the pandemic put a halt to economic activity across the globe. Factories, ports, and physical stores were all shut. Then, consumer demand returned with a vengeance, but supply chains were slow to ramp up.

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