• Sat. Dec 4th, 2021

INFO NEWS

World's Latest News

Gadget gifting may get costly this holiday season as supply chain plays The Grinch

Nov 10, 2021

This news story originally appeared at Google News - Search on 10 November 2021

Shoppers could be looking at an expensive Christmas as supply chain snafus force companies to make and deliver their latest higher margin electronic gadgets to market faster, leaving fewer cheaper options to put under the tree. Top electronic brands are using their best resources to navigate a chip shortage that has curtailed the production of goods across pricing ranges because of logistic issues, a tight labor market and closed factories due to pandemic lockdowns in parts of Asia. "If vendors choose which device models they want to manufacture when they have limited access to chips then they'll generally go to the higher end, as they can better maximize their profits," ABI Research analyst Filomena Iovino said.