It’s always a good idea to get your holiday shopping done early, but this year it’s more important than ever. The COVID-19 pandemic has caused a microchip shortage and supply chain issues. This means electronics, toys, and other products will be (or already are) in short supply.
Supply shortages, in turn, result in fewer holiday bargains and
higher than normal prices. This means that sticking to your budget and
scoring all the gifts on your list will be harder than usual. To make a success of your holiday shopping this year despite the challenges, BBB recommends the following tips.
Tips for your 2021 holiday shopping
- Know what products stores might run out of. Millions
of everyday products use microchips to function. Computers, gaming
systems, smart appliances, cameras, and toys that feature light, sound,
motion, or any kind of tech all use microchips, meaning many
manufacturers are already struggling to keep up with the demand for
their products. Think though your holiday list and identify must-have
that are impacted by the shortage.
- Start shopping earlier than usual. Don’t wait until Black Friday to start holiday shopping this year. Certain products may already be sold out by November, according to some retailers.
- When you find a good deal, don’t wait to buy. Good deals will be harder to find this year, so if you find a product in stock at a good price, take advantage right away.
- Budget your holiday shopping without expecting sales. Supply