Despite a global supply chain crisis, a resurgence of Covid cases and high inflation, America's economy remains in pretty decent shape . Albertsons and other chains expect they can get consumers to pay higher prices without much resistance. If we're in for a December to remember, though, consumers are going to have to keep dealing with higher prices. Even Amazon and Apple are grappling with the global supply chain crunchBoth companies reported revenue results on Thursday that fell short of Wall Street analysts' expectations and warned that supply chain issues could weigh on business in the December quarter. They believe consumers are in good financial shape and can afford to pay higher prices without too much resistance.
Source: CNN October 31, 2021 22:55 UTC