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Where we live: Don’t let supply shortages wreck your Christmas

He’s of course making his list and checking it twice. What Santa is really worried about, however, is how many elves he’ll have to send to ports around the world to unload ships carrying items meant for his sleigh.

It is just about “go time” when it comes to the holiday shopping season, but will that gaming console or L.O.L. Surprise doll be under the tree when Dec. 25 rolls around?

A recent survey from Deloitte Insights reports shipping delays and out-of-stock concerns are prevalent, with 64% of retail executives worried about not receiving inventory on time and 75% of shoppers concerned about items being out of stock.

Microchip shortages have electronic companies scrambling and the maker of the L.O.L. Surprise line, one of this year’s hottest toys, said it only has enough inventory to fill 65% of its pending orders.

According to data from Adobe Analytics, shoppers are finding out-of-stock messages have risen 172% from the pre-pandemic period. Of the 18 categories tracked by Adobe, apparel has the highest out-of-stock levels currently, followed by sporting goods, baby products and electronics.

In all, consumers plan to spend $997.73 on gifts, holiday items and other nongift purchases for themselves and their families this year, according to the National Retail Federation.

“Every year retailers plan their seasonal inventory, staffing and product promotions well in advance for the busy holiday season,” said NRF President and CEO Matthew Shay. “Consumers are ready to celebrate, and gift-giving is high on the list. The retail industry is working diligently with ports, labor, shippers and transportation providers as well as government officials to overcome supply chain challenges and make sure consumers have access to the gifts they want to give and, just as important, receive.”

People are motivated more than ever to check items off their lists early. Half of holiday shoppers, the National Retail Federation reports, started browsing and buying before November, up from 42% in 2020 and the highest in the history of NRF’s survey.

If you can find the product you’re looking for, expect to pay more. Adobe expects U.S. consumers will pay an average of 9% more during Cyber Week this year, compared to 2020.

According to Deloitte, consumers are projected to spend $304 on clothing, $243 on electronics, $235 on gift cards, $220 on food and beverage, $193 on home and kitchen items, $187 on toys $156 on health and wellness items, and $107 on their pets.

Christmas isn’t the only holiday in jeopardy. Hopefully by now your bird is ready for Thursday, but if it isn’t, you could be out of luck. High feed costs led to a decreased turkey production this year.

The U.S. Department of Agriculture said earlier this year the inventory of frozen turkeys and turkey parts dipped 24% lower than three-year average from 2018-2020.

In 2020, according to the American Farm Bureau Federation, the average price of Thanksgiving dinner dropped 4% from the previous year to about $5 per person. Don’t expect to see those same numbers this year, however. The bureau was set to release its annual survey of large dinners on Thursday with turkey prices in line to hit a record high.