Supply Chain delays causing headaches

Householders are avoiding shopping centres as they tend to be more inclined to undertake home improvement projects instead.
Retail analysts are expecting a recovery in consumer spending in the second half of the year as they are back to focusing on the home or apartment improvement projects.
Several companies that rely on a supply chain model that is more extreme than just-in-time inventory are expected to see profit downgrades over the next couple of weeks.
Wesfarmers, which owns the Officeworks, Kmart and Target chains, says the rise in staff absenteeism due to COVID-19 has caused some stores to cut their trading hours.
The company, which also owns the hardware chain Bunnings, said that while the overall retail environment weakened in the last two weeks of December, its hardware segment remained resilient.
Wesfarmers is still expecting to deliver a first-half profit in line with market forecasts.
The fear over the omicron crisis has caused consumers to cut back on their spending, which is mostly in the form of lower discretionary spending.
The extra supply chain pressure caused by the crisis had resulted in higher freight costs and higher inventory levels.
Online sales at both Target and Kmart grew 44 per cent in the December half, compared to the same period a year ago.
In the December half, the company said that the closure of 14 Target stores and the closure of 48 Target Country outlets had caused the chains to have fewer trading days.
Analysts at Macquarie said that companies that rely on food sales may suffer from the ongoing supply chain squeeze. However, they noted that these constraints have not affected the resilient sales of fast food.
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