The shelves are about to go bare.
Is it that some 30% of Walmart’s products come from China?
Just this morn I asked some worker bees at Walmart if there was any “inside story” about the shelves being empty in 2 or 3 weeks. They all said either they hadn’t heard anything or acted like they didn’t know what I was talking about.
This could mean:
It’s all hyped-up hand-wringing because people like that aren’t good actors and you can’t rely on all of them to say “no” just because they’ve been told to say that. Especially if you have several specimens.
Or, there really don’t expect empty shelves so the situation can’t be that bad. Or management knows something and didn’t tell, or lied to, the workers.
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ROTFLMFAO!
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Recall, there wasn’t any TP “shortage” in the spring of 2020, until the media started screaming about it.
Steve
My last TEMU order of about $60 has landed at LAX air freight to clear customs. I’m pretty sure I’ll beat the cut-off date.
Saw on the news that a $10,000 container of cheap stuff from China requires a S14,000 tariff payment at the dock. Yet in many cases it will still beat Jeff Bezos pricing.
Minimize the Skim.
intercst
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Is it really only 30%? I am surprised that it is not higher.
I heard an ad on a podcast for 100% US produced clothing. The company is American Giant. $68 T-shirts
NPR’s Market Place ha a pice on the demise of affordable clothes.
I am afraid that the future will take us back to FDR’s 1937 inaugural address.
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Port Los Angeles expects 36% less incoming shipments this year.
Looks like the fun is over.
Chinese discount giants like Temu and Shein are already raising prices. Shein hiked its U.S. prices by an average of 51% in just a week, with some products doubling. These aren’t isolated blipsthis is the first wave of a cost shock that could bleed into everything from electronics to autos. Tesla (NASDAQ:TSLA), Apple (NASDAQ:AAPL), and any brand with China-linked supply chains are now staring down margin compression and potential demand headwinds.
We will have deflation. It is not what the price is. It is what the demand is. We will have mass layoffs.
I use dowels in woodworking joinery, can use a lot depending on how strong I want to make the joint. The last 2 dowel orders I made on Amazon have been cancelled. Amazon refunds the credit charge of course, so not out anything. The local Big Box stores ( HD, Lowes, Menards ) sell little packets of dowels, but crazy expensive compared to what I was paying for the China imports on Amazon.
I’ll try Amazon again, they didn’t specifically say that it was tariff related, just that there were problems in transit. But it is tariff related, of course.
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I bought a braun razor. Part of it made in China.
Walmart will have it again price won’t matter. Yet odds are it disappears for a few weeks.