www.zerohedge.com By Tyler Durden
By Greg Miller of FreightWaves,
America made it through Christmas without too many bare shelves, despite historic port congestion. Goods were brought in early and shoppers shopped early. Holiday sales were up 11% from 2019, pre-COVID.
Consumer fears of a holiday shortage appear to have spiked in October, then pulled back as concerns lessened.
Google searches for the term âport congestionâ were up 376% from the beginning of 2021 in the second week of October. Searches for the term âsupply chainâ peaked in the third week of October, up 194% from the beginning of last year. Searches for both terms then faded back to normal in November.
