The economic effects of Hurricane Sandy are still being felt across the United States as businesses are struggling to keep up with holiday shipments due to port closures, warehouse damages and congestion. The supply chain is backing up at the most pivotal time for retailers – the holiday season.
Even retailers with famously resilient supply chains such as Amazon and Diane von Furstenberg have reported delays to their customers. Only time will tell how detrimental this will be to holiday sales but “economists expect the storm to shave up to half a percentage point from growth in the fourth quarter.”