(VitalNews.org) – A new look into the latest shipping data shows that consumers will be looking for a mid-range price deal during the peak season of consumerism. According to a Supply Chain Survey, we can expect to see a different price range of products being purchased by people during the holiday season.
When looking at the freight orders being scheduled to move during peak season, they can expect that U.S. companies will import more items for the holiday season than compared to last year. When looking at the data closely, it showed that over eighty percent of purchases were priced at a mid-range. There has been a trend of people being less interested in luxury items and aspirational luxury items imported from other places.
The head of retail logistics for C.H. Robinson, Noah Hoffman, blames inflation for this, and said, “We’re seeing that in clothing and jewelry, in electronics, and home and garden.”
He continued, “Consumers have also become more value-driven in their shopping. Instead of going to one store and stocking up regardless of how much toilet paper is already stashed in the garage, they’re trying to avoid a larger bill. They’re buying tighter, not throwing as many impulse buys in the cart and shopping around for the lowest price.”
About seventy percent of people said that they expected consumers to continue to shop for discounts. “The past few years have made many shippers hypersensitive to the highs of the highs and the lows of the lows,” Hoffman said.
Businesses such as Walmart have said that their customer base has actually increased as high-ticket item purchasers are starting to shop with them in-store or online.
As peak shipping season approaches, there is concern over the International Longshoremen’s Association strike on the East Coast. This issue could delay transport and cause problems for shipping during peak season. Brands and companies are anticipating a busy season still and are doing what they can to prepare.
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